Terminal operators lining up for Bay Terminal, AD Ports signs MoU
NewsAbu Dhabi Ports Group has signed an MoU for part of the new Bay Terminal at the port of Chattogram; PSA and DP World are also expected to participate.
A recovery in trading prospects means that DP World could resurrect its development plans for a fourth container terminal at Jebel Ali next year. The more than US$1.5B project was postponed in 2016, while planned expansion work at its T3 facility was deferred, as growth prospects in the container market eased. In the Middle East region, a significant amount of new container handling capacity was also being added.
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