DP World Celebrates Reaching 100 Million TEU in Container Handling Capacity
Ports operator and logistics giant DP World is marking a significant milestone as it achieves a total container handling capacity of 100 million TEU across its global network. The Dubai-based company has been actively pursuing port and terminal management concessions on six continents for over 45 years, investing $11 billion in port infrastructure in the last decade alone.
With a focus on staying ahead in the global trade industry, DP World now commands 9.2 percent of the global container terminal market, securing a spot among the top five global port operators.
In the past ten years, DP World has made substantial investments in expanding its capacity through new greenfield developments, terminal expansions, and acquisitions, resulting in a 33 percent growth from 2014 when it started with 75.6 million TEU. In the last 12 months alone, the company has increased its global gross container handling capacity by five percent.
Currently, DP World manages over 80 ports and terminals in more than 40 countries across six continents. Key contributors to its recent growth include London Gateway in the UK, the Port of Callao in Peru, and the port of Dar es Salaam in Tanzania. Additionally, investments in terminals such as the International Container Transshipment Terminal in Cochin, India, Constanta in Romania, and Belawan New Container Terminal in Indonesia have played a significant role in expanding its capacity.
DP World Group Chairman and CEO, Sultan Ahmed bin Sulayem, expressed pride in reaching the 100 million TEU milestone, emphasizing the company’s commitment to investing in top-notch ports and logistics infrastructure to facilitate trade globally.
As the global container market is projected to continue growing, with a forecasted 2.8 percent increase in global container throughput this year according to Drewry, DP World is well-equipped to meet the rising demand.