DP World to not renew operating contract in Indonesia
DP World has decided not to renew its operating contract for PT Terminal Petikemas Surabaya (TPS) in Indonesia at the end of the agreement in 2019, citing unattractive renewal terms on offer.
The Dubai-based company is a 49% shareholder in TPS, which represents a gross capacity of 2.1m teu out of 85m teu for the group.
The company does not expect there to be any material financial impact on the group as a consequence of this action.
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