Page 419 - Ministry of Economy - December 2017

12/25/2017 DP World snaps up remainder of Brazil’s Embraport - The National
DP World gross container volume advances 10.7% in
second quarter

DP World launches crowdfunding initiative for
retrofitting scheme

DP World contract with Indonesia's PT Terminal

Petikemas Surabaya not to be renewed

___________________

Embraport has an annual capacity of 1.2 million TEU

(twenty-foot equivalent units). The first phase of the
project, which is awaiting further development, has

provided 653 meters of wharf space and 207,000
square meters of terminal area.

Port of Santos has been impacted by a series of

slowdowns and strikes by customs officers since
October, with containers being delayed by up to a

week.

DP World acquired its 33 per cent shareholding in
Embraport in August 2013. In March 2017, the

company was said to be close to purchasing the
remaining shares of the terminal.

Brazilian media reported at the time that DP World was
also a frontrunner to purchase 50 per cent of Brazil’s
Terminal de Conteineres de Paranagua (TCP). This

deal never materialised, with China Merchant Port
Holdings (CMPH) acquiring a 90 per cent stake in

September.

That same month, DP World announced that its
operating contract for Indonesia’s PT Terminal

Petikemas Surabaya (TPS) would not be renewed
when it expires in 2019, as the company refocuses its

expansion efforts in Latin America.

DP World’s gross container volumes increased by 13.5

per cent year-on-year on a reported basis in the third
quarter of 2017 on an improved global trading

https://www.thenational.ae/business/dp-world-snaps-up-remainder-of-brazil-s-embraport-1.681208 3/4