DP World buys North American terminal

DP World has completed the acquisition of Fraser Surrey Docks, the largest multi-purpose deep-sea marine terminal on the West Coast of North America, from Macquarie Infrastructure Partners (MIP).

In a statement, DP World’s Group Chairman and CEO Sultan Ahmed Bin Sulayem said the acquisition “bolsters” the terminal operator’s footprint in the west coast of Canada.

“DP World has seen growing demand from our customers for multi-purpose facilities in the region,” Bin Sulayam said.

“We believe Fraser Surrey Docks has the relevant infrastructure and is in the right location to service this demand.

“We are confident that our innovative approach will bring DP World’s best-in-class terminal operations to Fraser Surrey Docks.”

Matt Leech, CEO and Managing Director, DP World Americas, also commented: “This new addition to DP World’s portfolio provides unique prospects for additional growth in the dynamic Canadian business environment.

“We look forward to helping Fraser Surrey reach its full potential and generating greater value over the long-term for DP World and its customers.”

Fraser Surrey Docks was founded in the early 1960s and has become the largest modern and multi-purpose terminal on the West Coast of North America.

It operates more than 1,200 metres of berth, 189 acres of yard and is one of the region’s major steel import terminals.

It joins DP World’s other operations in Canada, which include Vancouver, Nanaimo, Prince Rupert and St Jobn’s.

https://www.porttechnology.org/news/dp-world-buys-north-american-terminal/