Terminal operator DP World has completed the acquisition of Savan Logistics which operates the Savannakhet dry port in Laos, in the country’s first special economic zone.
Situated on the west end of the 1,450km-long East-West Economic Corridor – linking Laos, Cambodia, Myanmar, Thailand, and Vietnam – the 140,456 sq m dry port is utilised by regional cargo owners and logistics companies to connect various supply chains along the corridor.
The port, operated by Savan Logistics since 2016, has around 23,000 sq m of warehousing facilities and an 11,000 sq m bonded area.
In addition to dry port and warehousing services, DP World will also manage cross-border transport, freight forwarding, and integrated logistics solutions.
“We will extend our expertise and resources to enhance the infrastructure of the dry port, capitalising on its geographical advantages to propel trade forward for our customers. Most importantly, we want to enhance the economic conditions of communities which rely on this vital trade corridor for their daily livelihoods,” said Glen Hilton, CEO and managing director of Asia Pacific at DP World.
In recent weeks, DP World announced partnerships with Malaysia’s Sabah Ports and Asian Terminals Inc to manage Sapangar Bay Container Port in East Malaysia and Tanza Barge Terminal in the Philippines.
Landlocked Laos has been making shipping headlines recently. The Indian backers of the Eswatini flag have recently visited Laos, where they are in discussions to create another shipping registry.
Copyright : https://splash247.com/dp-world-buys-laos-dry-port-operator/
