DP World hikes rates

7/12/2008 10:05:36 AM

DP World, a subsidiary of government-owned holding company Dubai World, is set to increase rates at its container terminal in the Indian port of Chennai by 10 percent from August 1.   The current handling fee at the terminal is around US$58 per TEU.   The initial increase was set to be 14 percent, but the Tariff Authority for Major Ports only allowed a 10 percent increase, valid until the end of 2009.   Chennai, India’s second biggest container port, handled 1.12 million TEUs last year.   CargonewsAsia

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