DP World and Maspion Group sign preliminary agreements to build container port and logistics park in Java

DP World Limited and Indonesia’s Maspion Group have inked two separate preliminary agreements to develop the $1.2 billion Maspion international container port in Gresik, east Java, with an annual handling capacity of 3 million TEUs and a 360 hectare industrial and logistics park in East Java. The proposed container port will use electricity to power its operations to help reduce carbon emissions. The project is expected to commence this year, while commercial operations are being planned for the first half of 2022.