DP World JV Wins French Port Gig
Generale de Manutention Portuaire (GMP), a joint venture between Dubai-based trade enabler DP World and French shipping line CMA CGM, has been awarded the service concession for the construction and operation of berths 11 and 12 at Port 2000 in Le Havre.
According to a press release from the French port, the terminals of Port 2000 In Le Havre are trade-enabling gateways for cargo entering the French consumer markets. Recognizing the strategic importance of Port 2000, GMP has been an early supporter of port development and looks to grow its partnership with the Port of Le Havre by developing the terminal further.
"The addition of the two new berths will enable us to secure more volume and provide high-efficiency services," said Louis Jonquiere, managing director of GMP. "As a major hub port, the expansion in the terminal will facilitate the capture of more volume from the trade, benefiting from the momentum that has built in the region."
GMP will now invest in two new container berths spanning across 700 meters.
The favorable decision by the Supervisory Board of the Port of Le Havre will allow GMP to strengthen its presence in France, at the same time supporting the economic growth of the region. In 2018, GMP posted market-leading growth of 11% compared to 2017, representing more than 55% of market share through its two terminals (Terminal de France and North Terminals).
The new terminal represents an additional operational capacity of 1 million TEUs and will include a 700-meter-long quay and a 42-hectare site. The concession agreement is for a term of 34 years, including two years of studies and design, two years of civil engineering work and 30 years of operation.
GMP will make significant investments in the development of this new terminal, modernizing it to better support trade growth.