DP World is possible to start using the fourth terminal at its flagship Jebel Ali port during the second half of 2019, as the use of the terminal was delayed because of a softening market. Given the slow-down in the market, DP World had decided to postpone the utilization of the new terminal and refurbish Terminal 1 instead.
As the ports operator informed, Terminal 4 is basically for use. In fact, it has more cost efficiencies than Terminal 1.
[smlsubform prepend=”GET THE SAFETY4SEA IN YOUR INBOX!” showname=false emailtxt=”” emailholder=”Enter your email address” showsubmit=true submittxt=”Submit” jsthanks=false thankyou=”Thank you for subscribing to our mailing list”]
At first the plan was to use the new terminal in order to receive new cargo. However, due to the recent slow-down in the market place, DP World decided to refurbish Terminal 1, while also moving some of the cargo to Terminal 4.
Moreover, during a press conference, Yuvraj Narayan, DP World Group’s chief financial officer, mentioned that Terminal 4 is ready, but DP World does not currently aims to develop it even more, until the business environment gets better.
Specifically, the development of Terminal 4 had been postponed in 2016 as well, because of difficult conditions in the shipping market and a slowdown in the UAE’s economy due to the reduction of oil prices.