Dubai-based port and terminal operator DP World Limited and the state run Taiwan International Ports Corporation (TIPC) signed a Memorandum of Understanding (MoU) for the development of Kaohsiung Port’s Terminal 7 in Taiwan.
The agreement marks the beginning of a joint effort to seek future business opportunities and to steer growth in Taiwan’s port infrastructure, according to DP World.
“Kaohsiung has the potential to benefit from our operational efficiencies in the region. It has enough container capacity to serve immediate growth in Taiwan but does not yet have the capability to attract new growth resulting from the Ultra Large Container Vessels added to line-haul services. This MoU marks the intention to tackle this challenge,” DP World Asia Pacific Region Senior Vice-President and Managing Director Rashid Abdulla said.
Dp World’s portfolio in Asia Pacific and the Indian Subcontinent spans 11 countries, with 26 operating terminals of a total capacity of 35 million TEU.