DP World signs MoU with Taiwan International Ports Corporation

Dubai: Dubai-based ports operator DP World has signed a memorandum of understanding (MoU) with state run Taiwan International Ports Corporation (TIPC) to develop Kaohsiung Port’s Terminal 7 in Taiwan.

According to a company statement on Wednesday, the agreement marks the beginning of a joint effort to seek future business opportunities and to steer growth in Taiwan’s port infrastructure.

DP World has a portfolio of 77 inland and marine terminals and handles more than 170,000 TEU [twenty foot equivalent unit] a day.