DP World acquires controlling stake in Suriname's Integra Port Services
25 Jul 2011
Global Marine terminal operator DP World Limited has expanded its portfolio to Suriname on the northeast coast of South America, acquiring a controlling interest in both Integra Port Services (IPS), the Company holding a concession for a container and break-bulk terminal within Nieuwe Haven Port, Paramaribo and in Suriname Port Services (SPS), the company that owns a private break-bulk facility upstream from Paramaribo.
Nieuwe Haven terminal handles origin and destination cargo for Suriname. The terminal currently has a container throughput capacity in excess of 100,000 TEU per year, with the potential to double its capacity to meet demand as growth in the local economy.
Improved road links into French Guiana and offshore oil exploration are set to increase trade volumes in the future and provide the necessary impetus for expansion of the port.
IPS was awarded a 15-year concession In April 2010, with an option to extend for a further 15 years, to manage and operate its terminal within Nieuwe Haven. IPS is the largest terminal operator at the port, DP World said in a release.
Suriname Port Services is a freehold break-bulk facility about 20 miles upstream from Paramaribo specialising in the handling of mining and logging equipment, offshore supply and cement.
DP World will have a management services agreement for both terminals.