Fraser Surrey Docks. (File photo)

Dubai-based company buys Fraser Surrey Docks

Company also has ports and terminals in Vancouver, Nanaimo, Prince Rupert

DP World, a company based in Dubai, has acquired Fraser Surrey Docks.

Announced Monday (Feb. 24), DP World and its partner Caisse de dépôt et placement de Québec (CDPQ) had finalized purchasing Fraser Surrey Docks from Macquarie Infrastructure Partners.

A news release from DP World states that Fraser Surrey Docks “complements DP World’s footprint in Canada, which also includes terminal operations in Vancouver, Nanaimo, Prince Rupert and Saint John. The integrated coast-to-coast platform provides customers with bulk, breakbulk and general cargo.”

Sultan Ahmed Bin Sulayem, DP World group chairman and CEO, said Fraser Surrey Docks “bolsters” their footprint on Canada’s west coast.

“DP World has been seeing growing demand from our customers for multi-purpose facilities in the region and we believe Fraser Surrey Docks has the relevant infrastructure and is in the right location to service this demand,” he said in a release. “We are confident that our innovative approach will bring DP World’s best-in-class terminal operations to Fraser Surrey Docks.”

Matt Leech, the CEO and managing director of DP World Americas, said the company looks forward “to helping Fraser Surrey reach its full potential and generating value over the long-term for DP World and its customers.”

According to Fraser Surrey Docks’ website, it is the “largest modern, multi-purpose terminal on the west coast of North America.” It has seven berths, along with 63 hectares of yard area and four sheds providing 30,654 square metres of covered storage for “weather-sensitive cargo.”

It was founded in 1962.

Fraser Surrey Docks “handles between 300 and 400 deep-sea vessels up to Panamax size.” Panamax describes the size of vessel able to travel through the Panama Canal.

“Each year, millions of tons of cargo move through Fraser Surrey Docks and in 2007 the facility handled over 185,000 TEUs (twenty-foot equivalent units) of containers.”



lauren.collins@surreynowleader.com

Like us on Facebook Follow us on Instagram and follow Lauren on Twitter

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Thousands of ‘PPE’ donated in Surrey, where one care home is ‘preparing for the worst’

SafeCare BC’s Operation Protect drive involves drop-off dates in Guildford

Psychologist’s advice on parenting in the pandemic

SFU psychology prof Dr. Tanya Broesch, with expertise in child development, discusses short and long-term impacts COVID-19 pandemic is having on children and parents alike

‘Every little step counts’: Surrey businesses donate meals for frontline hospital workers

Surrey Hospital Foundation has now received more than $70,000 in donations

‘Shocking decision’: Surrey soccer club won’t offer refunds to 350 teams for cancelled tourney

Registration fees would top $171K for Surrey Mayor’s Cup, postponed due to COVID-19

VIDEO: Dog missing in Aldergrove since winter sees his family again for the first time

Aldergrove helped find Buster, says dad, who has now witnessed ‘the power of social media’

Trudeau rejects mandatory stay-at-home order for now; COVID deaths up

The virus has now infected more than 10,000 Canadians and cost 130 their lives

B.C. health care workers gain access to virtual health care options

During COVID-19 many clinics have closed, leaving health care workers with nowhere to turn

Tax collectors, auditors to help field ‘historic’ numbers of benefit-seeking callers

‘If you work for CRA, people think we are just there to take money from your pockets.’

Cowichan couple won’t self-isolate after returning from overseas

New law requires 14 days of self-isolation when returning to Canada

Family uses social media to help truckers find places to eat during pandemic

Restaurants Serving Drivers in Western Canada seeks to provide a list of places open for drivers

Advocates sound alarm over COVID-19 limiting access to contraceptives, abortion

The COVID-19 outbreak has hit sexual-health services from almost every angle

Abbotsford man who tries to start gas-station fight gets sprayed with gasoline

Suspect returns with knife and throws it at victim, but is quickly arrested by police

Abbotsford family of 5 who was stuck in Vietnam is now back home

Janzen family sends ‘huge and heartfelt’ thank you to everyone who helped

Most Read