UAE-based DP World has signed a memorandum of understanding (MoU) with the state-run Taiwan International Ports (TIPC) for development of Kaohsiung Port’s Terminal 7 in Taiwan.
The deal also aims to develop future joint efforts in business, as well as boost Taiwan’s port infrastructure and improve the country’s trade by establishing well-organised cargo movement across its supply chain.
Under the collaboration, DP World will use its experience to help develop Taiwan’s economy.
DP World group chairman and CEO Sultan Ahmed Bin Sulayem said: “Our strategy in developing in strategic locations where our customers want us to be, serving global trade and being able to handle the new generation of ultra large vessels shows how we are investing in the future, translating our vision into reality.
“Kaohsiung was once a fishing village as was Dubai and we have a common experience.
“Our flagship Jebel Ali Port, which is among the most technologically advanced and productive in the world, is testament to the power of visionary leadership and both the UAE and Taiwan are fortunate to have governments who anticipate change for the betterment of their people.”
So far, the group has a portfolio of 77 inland and marine terminals and is involved in the handling of more than 170,000TEU capacity a day.
In Asia-Pacific and the Indian Subcontinent, DP World has 26 operating terminals with 35 million TEU capacity.
DP World Asia Pacific region senior vice-president and managing director Rashid Abdulla said: “Kaohsiung has the potential to benefit from our operational efficiencies in the region.
“It has enough container capacity to serve immediate growth in Taiwan, but does not yet have the capability to attract new growth resulting from the Ultra Large Container Vessels added to line-haul services.
“This MoU marks the intention to tackle this challenge.”
The company has been using its free zone model that connects multi-modal transport systems into seamless trade routes as well as helps governments around the world on ‘smart trade’ measures.