BBG: DP World plans $3bn African ports investment by 2029
BLOOMBERG reports: DP World plans to spend $3 billion over the next three to five years on ...
© Khunaspix Dreamstime.
India’s paranoia about Chinese espionage appears to have reached new levels. The country’s security agency has banned its ports from buying ship-to-shore cranes from ZPMC, the world’s largest manufacturer of the equipment. That has left DP World in a bit of a quandary however, as well as Jawaharlal Nehru Port Trust, which is supposed to have blocked the cranes arriving in the port, where they will be deployed at the new terminal the Dubai-headquartered operator is currently constructing. The problem is that DP World ordered the cranes before the ban came into effect.
Comment on this article
Jerry McCormick
December 03, 2014 at 6:27 pmThat is the issue. You buy cranes which are performance-wise worse than their competitors, more expensive in the short, medium and long-run and you can´t use them. Of course they are full of data-collectors from China. What wonders me is that a lot of other terminals accepted them. The new series of IEBHERR-cranes work fantastic. SCT in Southampton is very happy with them and they give a much better prodcutivity than those from China. Think before you buy !