AD Ports faces DP World in Luandan venture
The prospect of neighboring port operators from Dubai and Abu Dhabi locked in competition within ...
As Dubai box terminal operator DP World announces that volumes across its global portfolio of operations rose by 9% in the first nine months of the year, comes news that it is also investigating the possibility of building a new facility in Bangladesh, at the request of the Bangladeshi government. The country has long been without modern box handling facilities, replying on its own deepsea port of Chittagong, where congestion is an almost constant irritant. Plans for Chittagong’s expansion have been on and off for nearly two decades or more, and perhaps the best thing for Bangladesh, which is a hugely important source of textiles for the world’s clothing retailers, would be a clean start at Payra.
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