News
02.10.12

The Yemen Government and DP World Doomed Container Partnership Ends

The 30-year management contract that began in 2008 between the Yemen Government and DP World to develop Aden as a major transhipment hub in the region has ended. Some say it was doomed from the beginning as  DP World was also a major partner in Doraleh Container Terminal in Djibouti, which is just 'across the road' from the Yemen. At the time, many wondered why the government would want to sign up a strategic partner in Aden that was busy developing a major new competitive platform nearby.

The new post-revolutionary Yemen government has paid DP World $27m for its 50% stake in the Yemen container terminal.

Abdullah Bathib, Minister of Transport, has made comments that suggest "that falling annual cargo volume - around 140,000 teu in 2011 compared with 500,000 teu in 2008 - and the failure of DP World to deliver new port infrastructure were key drivers to end the relationship."

The sale has been well received by the market, DP World stock value on the Nasdaq Dubai rose one per cent to $11.20 and the London listing rose even by 2.5%, to 705 pence.

FURTHER AUTOMATION OF PORTS

The new APM Terminal and Rotterdam World Gateway terminal which are due to open at Maasvlakte 2 in Rotterdam in 2014 will be the first in Europe to use remote control of STS cranes and APMT's terminal will be the first in the world where STS cranes have no driver's cabin installed.

Automation technology group, ABB, will provide automation systems for both terminals new ship-to-shore cranes. This will "enable the new STS cranes to be operated remotely, without the need for a driver on board. Crane operators will work in a control room in the terminal building where the cranes can be overseen via onboard cameras, reducing stress on the operator's neck and back. The cranes will also be able to run faster, significantly reducing cargo unloading times. The system will also automate corrective movement to ensure accuracy and speed, improving overall efficiency."