DP World (DPW.DI) has signed an agreement with Port Saint John, New Brunswick for operation of its container terminal. DP World already has leases in British Columbia at Vancouver, Nanaimo and Prince Rupert. Port Saint John will give the firm a presence in eastern Canadian markets, in addition, location is also just 80 road miles from the border with Maine, adding the ability to transship containers via truck or rail to New England. The location and access would be an Atlantic coast parallel to DP World's terminal in Vancouver, which gives the operator's clients easy access to the western U.S. Port Saint John handles about 100,000 TEU annually. The 30-year lease includes a USD200mn investment by the government, which will dredge the container berths to the Neopanamax standard, 50 feet, along with other improvements to facilities. (The Maritime Executive)   DP World (DU): AED16.99 as of 28 July 2016, Rating: Buy, FV: AED22.00 per share, MCap: USD14,102mn, DPW DU / DPW.DI