Dubai’s DP World is selling its breakbulk terminal in Antwerp to focus on its core container operations at the Belgian port.
Local stevedore Zuidnatie is buying the state-owned global terminal operator’s 60 percent stake in DP World Breakbulk.
Zuidnatie is also acquiring the remaining 40 percent stake in the terminal owned jointly by German general cargo lines, Rickmers Linie and Conti Lines.
DP World will concentrate its deep-sea container traffic in Antwerp, Europe’s third-largest box hub, at its 42.5 percent-owned Antwerp Gateway Terminal, which it operates in partnership with French carrier CMA CGM, 10 percent; Zim Integrated Shipping Services, 20 percent; China’s Cosco Pacific, 20 percent; and Duisport, 7.5 percent, operator of Germany’s inland port of Duisburg.
DP World will also develop new businesses at its 100 percent-owned Delwaide Dock terminal.
Contact Bruce Barnard at email@example.com.