{"id":4944,"date":"2016-01-01T10:56:08","date_gmt":"2016-01-01T10:56:08","guid":{"rendered":"http:\/\/www.cssgroupsite.com\/lighthouse\/?p=4944"},"modified":"2015-12-30T07:30:49","modified_gmt":"2015-12-30T07:30:49","slug":"expanding-new-horizons-of-dp-world","status":"publish","type":"post","link":"https:\/\/cssgroupsite.com\/lighthouse\/expanding-new-horizons-of-dp-world\/","title":{"rendered":"Expanding New Horizons of DP World"},"content":{"rendered":"<p><strong><a href=\"http:\/\/www.cssgroupsite.com\/lighthouse\/wp-content\/uploads\/2015\/12\/do-world.jpg\"><img decoding=\"async\" class=\"alignleft size-full wp-image-4947\" title=\"do-world\" src=\"http:\/\/www.cssgroupsite.com\/lighthouse\/wp-content\/uploads\/2015\/12\/do-world.jpg\" alt=\"\" width=\"200\" height=\"58\" \/><\/a>C<\/strong>SS was advised by DPW management at a recent briefing here in Dubai (Dubai Ports Operator) that DP and other partners are investing $1.9 billion in China port terminals until 2020, DPW stated The $1.9 billion investment in China is the total investment by all partners in China terminals including DP World for the years up to 2020 &#8211; DP World\u2019s share of the Capex will reflect its minority shareholding in the respective projects,\u201d a company statement mentioned<br \/><\/br>DP World has three ports in China &#8211; Qingdao, Tianjin and Yantai .<br \/><\/br>This announcement came after a recent three-day official visit to Beijing, during which a host of business deals have been announced between the United Arab Emirates and China.<br \/><\/br><img fetchpriority=\"high\" decoding=\"async\" class=\"alignright size-full wp-image-4946\" title=\"dp\" src=\"http:\/\/www.cssgroupsite.com\/lighthouse\/wp-content\/uploads\/2015\/12\/dp.jpg\" alt=\"\" width=\"400\" height=\"286\" srcset=\"https:\/\/cssgroupsite.com\/lighthouse\/wp-content\/uploads\/2015\/12\/dp.jpg 400w, https:\/\/cssgroupsite.com\/lighthouse\/wp-content\/uploads\/2015\/12\/dp-300x214.jpg 300w\" sizes=\"(max-width: 400px) 100vw, 400px\" \/>The deals included the two countries establishing a joint strategic investment fund worth $10 billion as China pursues its ambition to rebuild Silk Road trade routes.<br \/><\/br>DP World and the Prince Rupert Port Authority have announced an agreement to study further expansion of the Fairview Container Terminal in Prince Rupert. The agreement was signed by DP World Canada Group and Prince Rupert Port Authority further strengthening the commitment of their respective organizations to the development and growth of the Port of Prince Rupert. DP World is the operator of the Fairview Container Terminal and construction is currently underway for the Phase II North expansion. Government of Canada approval has been received for the Phase 2 South expansion of the terminal further to the environmental assessment (Comprehensive Study Report) completed on terminal expansion in 2012 in accordance to the requirements of the Canadian Environmental Assessment Agency. Under the Feasibility Study agreement, DP World intends to study current marine liner services and container volume growth forecasts for trans-Pacific trade on the West Coast, weighing demand for activation of Fairview\u2019s Phase II (South) expansion to align the project schedule with market demand. This study is critical to the future growth of port operations within British Columbia and will serve as the basis for moving forward with this project in a timely manner. Additionally, the agreement included the intention to establish a cohesive and <img decoding=\"async\" class=\"alignleft size-full wp-image-4945\" title=\"dp-world1\" src=\"http:\/\/www.cssgroupsite.com\/lighthouse\/wp-content\/uploads\/2015\/12\/dp-world1.jpg\" alt=\"\" width=\"400\" height=\"286\" srcset=\"https:\/\/cssgroupsite.com\/lighthouse\/wp-content\/uploads\/2015\/12\/dp-world1.jpg 400w, https:\/\/cssgroupsite.com\/lighthouse\/wp-content\/uploads\/2015\/12\/dp-world1-300x214.jpg 300w\" sizes=\"(max-width: 400px) 100vw, 400px\" \/>systematic approach to information sharing as well as environmentally sustainable port initiatives re Phase II South, which could potentially be delivered within the next three to five years depending on demand, would increase the total capacity of Fairview Container Terminal to in excess of 2 million TEUs, and would provide capacity to meet Canada\u2019s Pacific container terminal capacity requirements for decades to come in a cost-effective and environmentally responsible manner, The growth in traffic at the Fairview Terminal, North America\u2019s fastest-growing intermodal gateway, has been a validation of the Prince Rupert advantages in transpacific shipping. DP World is ready to seize those advantages and move forward with planning the terminal\u2019s continued expansion. In early 2015, the Phase II North expansion project was launched, which will raise the terminal\u2019s capacity to approximately 1.3 million TEUs upon completion in 2017.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CSS was advised by DPW management at a recent briefing here in Dubai (Dubai Ports Operator) that DP and other partners are investing $1.9 billion in China port terminals until 2020, DPW stated The $1.9 billion investment in China is the total investment by all partners in China terminals including DP World for the years &#8230; <a title=\"Expanding New Horizons of DP World\" class=\"read-more\" href=\"https:\/\/cssgroupsite.com\/lighthouse\/expanding-new-horizons-of-dp-world\/\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[7],"tags":[],"class_list":["post-4944","post","type-post","status-publish","format-standard","hentry","category-company-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Expanding New Horizons of DP World - Lighthouse<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cssgroupsite.com\/lighthouse\/expanding-new-horizons-of-dp-world\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Expanding New Horizons of DP World - Lighthouse\" \/>\n<meta property=\"og:description\" content=\"CSS was advised by DPW management at a recent briefing here in Dubai (Dubai Ports Operator) that DP and other partners are investing $1.9 billion in China port terminals until 2020, DPW stated The $1.9 billion investment in China is the total investment by all partners in China terminals including DP World for the years ... 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