India continues to be one of the fastest growing markets for container traffic for . Last year, the Indian terminals operated by the Dubai-based company grew between 18 per cent and 22 per cent, and increasing consolidated volumes to 19 per cent, says its 2007 annual report. Both DP World Chennai and DP World Nhava Sheva reported volumes in excess of one million TEUs (20-foot equivalent units) in 2007. Nhava Sheva achieved the highest throughput by a container terminal in India as crane moves per hour and berth productivity both increased during the year.
Customers at Mundra benefited from the introduction of container rail road services (CRRS) rolling stock.
Quicker and ‘seamless’ transportation of containers from industrial inland hubs in the northern region to the port of Mundra helped the port to attract additional volumes, which previously moved to other ports on the west coast.
In India, the company runs five container terminals in Chennai, Nhava Sheva, Mundra, Kochi and Vishakhapatnam.
The new terminal at Vallarpadam, which will replace Kochi, will be the largest terminal in India. This terminal is expected to have a gross capacity of 10 lakh TEUs during the commencement of operations in 2009 and increase it to 30 lakh on completion, says the annual report.
The Kulpi terminal is expected to start operations next year with an initial capacity of six lakh TEUs and increase it to 14 lakh TEUs on completion.
Revenue from operations for the Asia Pacific and Indian subcontinent region for the year was $461 million as compared with $392 million for 2006, an increase of 18 per cent against a volume increase of 19 per cent.
Capex in the region was $94 million, reflecting investment in the port in Manila following the renewed concession agreement, and at Ho Chi Minh (Vietnam), the terminal under development, says the annual report.
Customers at Mundra benefited from the introduction of container rail road services (CRRS) rolling stock.
Quicker and ‘seamless’ transportation of containers from industrial inland hubs in the northern region to the port of Mundra helped the port to attract additional volumes, which previously moved to other ports on the west coast.
In India, the company runs five container terminals in Chennai, Nhava Sheva, Mundra, Kochi and Vishakhapatnam.
The new terminal at Vallarpadam, which will replace Kochi, will be the largest terminal in India. This terminal is expected to have a gross capacity of 10 lakh TEUs during the commencement of operations in 2009 and increase it to 30 lakh on completion, says the annual report.
The Kulpi terminal is expected to start operations next year with an initial capacity of six lakh TEUs and increase it to 14 lakh TEUs on completion.
Revenue from operations for the Asia Pacific and Indian subcontinent region for the year was $461 million as compared with $392 million for 2006, an increase of 18 per cent against a volume increase of 19 per cent.
Capex in the region was $94 million, reflecting investment in the port in Manila following the renewed concession agreement, and at Ho Chi Minh (Vietnam), the terminal under development, says the annual report.