Global ports operator DP World has signed a 30-year concession agreement to operate and modernise the Dar es Salaam port in Tanzania, as it seeks to expand its footprint in Africa and boost supply chain.
In the first phase of a multiphase investment plan, DP World will make an initial investment of over $250 million to upgrade the port as part of the agreement signed with the Tanzania Ports Authority, Dubai-based DP World said on Sunday.
However, during the concession period the investment could increase to $1 billion, which will include potential investments in temperature-controlled storage to enhance Tanzania’s agricultural sector, as well as greater connections to rail-linked logistics.
Investments will also potentially include the future development of a special economic zone together with the broader port’s logistics sector, the port operator said.
“The development will deliver trade opportunities for the region, connecting East Africa and broader sub-Saharan Africa with global markets, driving economic growth, job creation, enhanced access to products and service, and creating value for all our stakeholders,” said Sultan bin Sulayem, group chairman and chief executive of DP World.
Dar es Salaam Port is a multipurpose port and DP World will handle roll-on/roll-off, bulk, general cargo and containers to “cater to future trade demand from Eastern and Southern Africa and connecting the region to global markets”.
As part of the project, Dar es Salaam port will be connected to the hinterland of sub-Saharan Africa through a network of roads, highways, railways and dedicated freight corridors and ports.
This will support the growing demand for logistics solutions across the continent and connecting businesses in the region to global markets, DP World said.
Faster cargo
The port operator will also work with Tanzania Ports Authority to facilitate faster cargo handling and clearing, “strengthening Dar es Salaam’s critical role as the maritime gateway for green energy metals from the copper belt in Southern-Central Africa”.
Enhanced efficiency of the port will attract more shipping lines and bigger ships into Dar es Salaam, which will reduce freight costs for importers and exporters in Tanzania, it said.
DP World currently manages approximately 9 per cent of the world’s handling capacity and is among the top five global ports operators.
It plans to add about three million Twenty-Foot Equivalent Units (TEUs) of container-handling capacity by the end of the year to help meet growing demand in key trade markets, it said in August.
Its medium-term target is to reach 100 million TEUs per year, depending on demand, Tiemen Meester, chief operating officer of ports and terminals at DP World, said at the time.
The expansion plan comes as global container throughput is forecast to grow to 932 million TEUs by 2025, up from 858 million TEUs in 2021, maritime research and consulting services firm Drewry said.
DP World’s first-half profit jumped 33 per cent from a year earlier on higher revenue, despite a weaker container shipping market and lower sea-freight rates.
The company has been significantly expanding its footprint in Africa as it looks to tap into lucrative trade routes there.
It has existing investments in Egypt, Algeria, Djibouti, Rwanda, Somaliland, Mozambique and Senegal, its website says.
Its presence in sub-Saharan Africa includes logistics (parks and economic zones, contract logistics, freight management and market access) and ports and terminals (Dakar, Bosaso, Berbera, Port of Luanda and Maputo).
In March, DP World and the Somaliland government opened the new Berbera Economic Zone which, along with Berbera Port, is expected to develop the area into a major trade hub serving the Horn of Africa.
“With DP World's expertise the port will play an important role supporting the creation of direct and indirect employment in various sectors such as transportation, distribution and supply chain. Importantly, the Tanzania Ports Authority will be a shareholder of the port concessionaire, and there will be no job losses for employees at the port authority,” professor Makame Mbarawa, Tanzania’s Minister of Transport said on Sunday.
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Name: Enhance Fitness
Year started: 2018
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Uefa Champions League semi-final, first leg
Tottenham v Ajax, Tuesday, 11pm (UAE).
Second leg
Ajax v Tottenham, Wednesday, May 8, 11pm
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Director: Alfonso Cuaron
Stars: Cate Blanchett, Kevin Kline, Lesley Manville
Rating: 4/5
Second Test
In Dubai
Pakistan 418-5 (declared)
New Zealand 90 and 131-2 (follow on)
Day 3: New Zealand trail by 197 runs with 8 wickets remaining
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US PGA Championship in numbers
1 Joost Luiten produced a memorable hole in one at the par-three fourth in the first round.
2 To date, the only two players to win the PGA Championship after winning the week before are Rory McIlroy (2014 WGC-Bridgestone Invitational) and Tiger Woods (2007, WGC-Bridgestone Invitational). Hideki Matsuyama or Chris Stroud could have made it three.
3 Number of seasons without a major for McIlroy, who finished in a tie for 22nd.
4 Louis Oosthuizen has now finished second in all four of the game's major championships.
5 In the fifth hole of the final round, McIlroy holed his longest putt of the week - from 16ft 8in - for birdie.
6 For the sixth successive year, play was disrupted by bad weather with a delay of one hour and 43 minutes on Friday.
7 Seven under par (64) was the best round of the week, shot by Matsuyama and Francesco Molinari on Day 2.
8 Number of shots taken by Jason Day on the 18th hole in round three after a risky recovery shot backfired.
9 Jon Rahm's age in months the last time Phil Mickelson missed the cut in the US PGA, in 1995.
10 Jimmy Walker's opening round as defending champion was a 10-over-par 81.
11 The par-four 11th coincidentally ranked as the 11th hardest hole overall with a scoring average of 4.192.
12 Paul Casey was a combined 12 under par for his first round in this year's majors.
13 The average world ranking of the last 13 PGA winners before this week was 25. Kevin Kisner began the week ranked 25th.
14 The world ranking of Justin Thomas before his victory.
15 Of the top 15 players after 54 holes, only Oosthuizen had previously won a major.
16 The par-four 16th marks the start of Quail Hollow's so-called "Green Mile" of finishing holes, some of the toughest in golf.
17 The first round scoring average of the last 17 major champions was 67.2. Kisner and Thorbjorn Olesen shot 67 on day one at Quail Hollow.
18 For the first time in 18 majors, the eventual winner was over par after round one (Thomas shot 73).
Common OCD symptoms and how they manifest
Checking: the obsession or thoughts focus on some harm coming from things not being as they should, which usually centre around the theme of safety. For example, the obsession is “the building will burn down”, therefore the compulsion is checking that the oven is switched off.
Contamination: the obsession is focused on the presence of germs, dirt or harmful bacteria and how this will impact the person and/or their loved ones. For example, the obsession is “the floor is dirty; me and my family will get sick and die”, the compulsion is repetitive cleaning.
Orderliness: the obsession is a fear of sitting with uncomfortable feelings, or to prevent harm coming to oneself or others. Objectively there appears to be no logical link between the obsession and compulsion. For example,” I won’t feel right if the jars aren’t lined up” or “harm will come to my family if I don’t line up all the jars”, so the compulsion is therefore lining up the jars.
Intrusive thoughts: the intrusive thought is usually highly distressing and repetitive. Common examples may include thoughts of perpetrating violence towards others, harming others, or questions over one’s character or deeds, usually in conflict with the person’s true values. An example would be: “I think I might hurt my family”, which in turn leads to the compulsion of avoiding social gatherings.
Hoarding: the intrusive thought is the overvaluing of objects or possessions, while the compulsion is stashing or hoarding these items and refusing to let them go. For example, “this newspaper may come in useful one day”, therefore, the compulsion is hoarding newspapers instead of discarding them the next day.
Source: Dr Robert Chandler, clinical psychologist at Lighthouse Arabia
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