DP WORLD has hit a milestone of 100 million TEU of container handling capacity across its global operations.
The terminal operator announced the achievement this past week, citing port infrastructure investments amounting to more than $11 billion over the last decade as a driver of its capacity growth.
DP World’s capacity grew 33% over the past 10 years (from 75.6 million TEU in 2014) with the company’s expansions, greenfield developments and acquisitions.
Its global cross container handling capacity rose 5% in the last 12 months, increasing DP World’s share of the global container market to 9.2%. the company said.
“Crossing the 100 million TEU mark is a momentous milestone in our journey, which began 45 years ago,” DP World chairman and CEO Sultan Ahmed bin Sulayem said.
“This achievement reflects our commitment to investing in world-class ports and logistics infrastructure to make trade flow. We are confident that the global container market will continue to grow in the years ahead and we will have the capacity to service it.”
And DP World COO Ports & Terminals Tiemen Meester said the company’s investments in ports and terminals over the last 20 years were often in “less traditional and underdeveloped” trade markets.
“One of the major highlights of 2024 has been our takeover of the Dar es Salaam facility in Tanzania, which has not been developed since the 1950s, with vessel waiting times of sometimes more than a month,” he said.
“Our work there in the last six months has almost eradicated that issue and the future looks a lot brighter for Tanzanian trade.”
DP World outlined a number of investments fuelling its growth, including the recent addition of a $450-million fourth berth at London Gateway and a $400-million expansion project at the Port of Callao in Peru.
DP World operates for terminals in Australia, in Sydney, Melbourne, Brisbane and Fremantle.
