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DP World to Build New Billion Dollar Asian Port

PortandTerminal.com, July 25, 2019

DP World said Wednesday it has reached an agreement to create a $1.2 billion container and industrial logistics port in East Java with the Indonesian conglomerate Maspion.

GRESIK, EAST JAVA, INDONESIA – The new terminal is to be located just a few miles from a container port DP World had operated until this spring. 
The Maspion International Container Port in Gresik, East Java, will have the ability to handle 3 million TEUs and will be integrated with an 890-acre logistics park.

The Maspion Group

The Maspion Group began in 1962 as a manufacturer of kitchen equipment. Today it makes a variety of consumer and industrial products and is involved in diverse businesses including construction and building materials, hotels, real estate, banking, energy, trade and distribution. The company employs 30,000 people across 44 subsidiaries.

DP World

DPWorld also reported container volume throughput at its terminals for the second quarter. The United Arab Emirates-based company said its terminals handled 18.32 million TEUs in the second quarter of 2019, 1.6% more than in the second quarter of 2018. In the first half of 2019, volumes totalled 35.81 million TEUs, an increase of 0.5% over the same period last year.

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