DP World gains, upgrades Jebel Ali port
- United Arab Emirates: Tuesday, September 25 - 2012 at 15:02
The FTSE NASDAQ Dubai UAE 20 Index closed at 1730.25 off 0.20%, from the previous close. DP World added 0.36% to reach $11.09. Earlier in the day, the world's third largest port operator said will install at its headquarter port Jebel Ali new technology to run its new mega container terminal currently under development, as part of plans to expand container handling capacity at the port to 19 million TEU (twenty-foot equivalent unit) by 2014. "An agreement has been signed with CyberLogitec, a Seoul, Korea-based IT company specialised in maritime and logistics industry, to provide its OPUS Terminal Operating System (TOS) for Terminal 3, which when completed will add 4m TEU in additional capacity to Jebel Ali," DP World said.
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