DP World to start building 1.3 million TEU capacity Turkish terminal

DP World is to begin construction on its 1.3 million TEU capacity container terminal at Yarimca, near Istanbul, one of its 10 major projects in emerging and developing countries.

The Dubai-based port operator is to spend up to US$3.7 billion on projects until 2015 which include London Gateway adding four million TEU, Rotterdam Gateway and terminal 2 and 3 at Jebel Ali to complete by 2020.

DP World's senior vice-president Rashid Abdulla said expansion at these "mega projects" will take its total handling capacity to 102 million TEU within eight years up from last year's total of 69.4 million TEU. The first half 2012 recorded a total throughput of 27.5 million TEU, up 76 per cent year on year.