DP World purchases second Canadian terminal for C$580m | The National

DP World purchases second Canadian terminal for C$580m | The National:



"DP World has agreed to acquire a second terminal in Canada for C$580 million (Dh1.69 billion) as the Dubai-based port operator seeks to boost its capacity and capture transpacific trade between Asia and North America.



DP World, the world’s fourth- largest port operator, will buy the terminal from Deutsche Bank.



Maher Terminal’s Fairview container terminal on Canada’s west coast has a capacity of 850,000 twenty foot equivalent units (TEU). Phase 2 expansion of the terminal in British Columbia will take its capacity to 1.35 million TEU in the first half of 2017."



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