DP WORLD PRINCE RUPERT ANNOUNCES COMPLETION OF FAIRVIEW CONTAINER TERMINAL PHASE 2 NORTH EXPANSION
Capacity raised from 750,000 to 1.35 million TEU – able to handle largest vessels afloat
Vancouver, BC/Dubai, UAE, 29 August 2017: DP World has completed the “Phase 2 North,” expansion project designed to increase the container throughput of Prince Rupert’s Fairview Container terminal.
DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem and The Honourable François-Philippe Champagne, Minister of International Trade, Government of Canada, marked the occasion in a ribbon cutting ceremony in Prince Rupert today in the presence of First Nation representatives, senior government and state officials.
DP World acquired the Fairview Container Terminal in in August, 2015 with the Phase 2 North expansion project launched shortly after. The terminal supports 800 direct jobs and the original capacity of 750,000 TEU, has increased to an approximate 1.35 million TEU annually. A second berth has been added with the extension of the existing berth by 440 metres to a total berth length of 800 meters. The total terminal footprint has also increased to 32 hectares (320,000 square metres) with the reclamation of 4.5 hectares (45,000 square metres) of land.
The increased capacity will support importers and exporters who favor Fairview for its position as the most efficient and fastest route from Asia to North American markets.
DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem, said: “The expanded container terminal is an economic engine for the city of Prince Rupert and is directly responsible for hundreds of jobs with many others in the local community and beyond benefitting from its operations. We are delighted to mark this occasion today which signals our commitment to Canada and the local community. This is all part of our plans to provide capacity to meet Canada’s Pacific container terminal capacity requirements for decades to come in a cost-effective and environmentally responsible manner.”
General Manager of DP World Canada Inc. Maksim Mihic, added: “Prince Rupert’s success has been driven by its unparalleled geographical position on the Trans-Pacific trade route, high terminal productivity and consistent low dwell times that have been sustained alongside our significant growth in throughput over the past two years. Strong relationships with our partners ILWU, the Prince Rupert Port Authority and CN Rail have resulted in a reliable and competitive service for our customers.”
As a modern, efficient intermodal terminal, Prince Rupert Fairview features three new Super-post Panamax cranes in addition to its existing fleet of four Super-post Panamax cranes and direct on-dock access to the CN Rail network. The addition of 6,000 feet of on-dock rail and six rubber tired gantry cranes (RTGs) to the rail yard ensures the smooth and efficient flow of goods. Together, the upgrades allow Prince Rupert to efficiently handle the largest vessels in the world with a carrying capacity of 20,000-plus TEUs.
DP World’s commitment to Canada will receive a further boost later this year with work to expand the company’s Centerm terminal in Vancouver due to start.
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About DP World:
DP World[1] is a leading enabler of global trade and an integral part of the supply chain. We operate multiple yet related businesses – from marine and inland terminals, maritime services, logistics and ancillary services to technology-driven trade solutions.
We have a portfolio of 78 operating marine and inland terminals supported by over 50 related businesses in 40 countries across six continents with a significant presence in both high-growth and mature markets. We aim to be essential to the bright future of global trade, ensuring everything we do has a long-lasting positive impact on economies and society.
Our dedicated team of over 36,000 employees from 103 countries cultivates long-standing relationships with governments, shipping lines, importers and exporters, communities, and many other important constituents of the global supply chain, to add value and provide quality services today and tomorrow.
Container handling is the company’s core business and generates more than three quarters of its revenue. In 2016, DP World handled 64 million TEU (twenty-foot equivalent units) across our portfolio. With its committed pipeline of developments and expansions, the current gross capacity of 84.6 million TEU is expected to rise to more than 100 million TEU by 2020, in line with market demand.
By thinking ahead, foreseeing change and innovating we aim to create the most productive, efficient and safe trade solutions globally.
[1] As of April 2017