DP World Seeks Return to U.S. Operations at Texas Port
The exclusive talks would focus on design, capacity and investment structure for a terminal that could be DP World’s first on the U.S. Gulf Coast.
- On June 16, The Dubai-based World entered exclusive negotiations for a long-term lease to develop and operate a new container terminal at the Port of Corpus Christi, Texas.
- This agreement marks a potential return to United States port operations for the first time in two decades, following a 2006 exit amid security concerns raised by American lawmakers citing Sept. links to the United Arab Emirates.
- The Port of Corpus Christi, a major gateway for energy and industrial exports, seeks to leverage the 2025 Corpus Christi Ship Channel Improvement Project to diversify cargo and ignite investment.
- Brian Enright, Chief Executive Officer of World in the Americas, said the project aims to "capture new trade flows and support economic growth as demand for port capacity across Texas continues to rise."
- World, which handles around 10% of global container traffic, operates logistics in North Carolina and Pennsylvania, currently using Vancouver as a primary entry point for United States cargo via rail to Chicago.
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DP World Seeks Return to US Container Operations at Texas Port
DP World enters exclusive talks to develop terminal at Texas port
RIYADH: Dubai-based logistics giant DP World has entered exclusive negotiations for a long-term lease to develop and operate a container terminal at the Port of Corpus Christi in Texas, a move that would mark its first container terminal on the US Gulf Coast. According to a press release, the agreement, announced on June 16, would see DP World design, build,...
Port enters exclusive negotiations for container terminal development
The Port of Corpus Christi has entered into negotiations with one of the world’s largest movers of containerized cargo for a terminal at the Port, one that officials say will streamline the process for customers and stakeholders alike.
DP World in talks to run first US container port in decades
Dubai’s DP World is in talks to develop and operate a container terminal in the US, its first in two decades. The negotiation period will focus on terminal design, capacity planning and investment structure, the global ports operator said in a statement. It would be DP World’s first container terminal development on the US Gulf Coast. If agreed, DP World will design, build and operate the terminal under a long-term lease. The facility would expa…
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