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Saturday, 19 August 2023 10:56

DP World to add 3 million teu of port capacity by end-2023

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Key expansions will be completed this year in Caucedo (Dominican Republic), including an additional 1.2 million TEU, Yarimca (Türkiye) projected an additional 579,000 TEU, Sokhna (Egypt) adding 500,000 TEU Jeddah (Saudi Arabia) with an additional 200,000 TEU, among other key markets.

The expansions will take its total gross capacity to 93.6 million teu, aimed at meeting growing demand in key trade markets. The global port operator manages currently approximately 9% of the world’s handling capacity, putting it among the top five global port operators.

UK’s supply chain advisors, Drewry, forecast global container throughput will grow to 932 million TEU by 2025, up from 858 million TEU in 2021.

"We are committed to investing in our infrastructure to meet the growing demand for trade. These capacity additions will further strengthen our position as a leading global supply chain solutions provider connecting economies, businesses, and consumers around the world," said Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World,

"We have to take a longer-term view of global economics, looking at how demand will change and how we can meet it in the most efficient way. Our medium-term target is to reach 100 M TEUS a year, subject to demand," added Tiemen Meester, COO Ports & Terminals, DP World,

Alongside the physical expansion, the projects also focus on digitalization - implementing new technology and modern Terminal Operating Systems, which will further increase capacity by automating and streamlining operations within each port, thereby enabling greater flow of trade and more efficient processes for customers.

In February, DP World won a major concession to develop, operate and maintain the Tuna-Tekra mega-container terminal at Deendayal port on the western coast of India. Once complete, the terminal will include a 1,100-metre berth and handle annually 2.19 million teu, helping unlock future container traffic growth in India, catering to exports and imports from Northern, Western and Central India, reducing logistics cost and enhancing efficiencies across supply chains.

 

 

 

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