DP World, a major global company owned by the government of the UAE and operating in port management and logistics services, has announced that it has increased its container handling capacity to over 100 million TEUs.
According to
Amac News: DP World has called this event a historic achievement and sees it as a testament to over $11 billion in strategic investments and infrastructure development over the past decade.
This achievement positions DP World at the forefront of global trade, enabling it to provide end-to-end supply chain solutions.
Over the past ten years, DP World's capacity has grown by 33%, primarily due to the expansion of operations, new developments, and acquisitions. The company started with 75.6 million TEUs in 2014 and has continuously invested in modernizing infrastructure to meet the evolving needs of the global supply chain
In the past 12 months, the company's total container handling capacity has increased by 5%, solidifying DP World's 9.2% share of the global container market.
Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, stated, "Surpassing the 100 million TEU milestone is a significant achievement in our journey that began 45 years ago. This success reflects our commitment to investing in world-class ports and logistics infrastructure to facilitate trade flow."
According to forecasts from Drewry Container Forecaster, global container handling volumes are expected to grow by 2.8% this year.
It is noteworthy that DP World is currently constructing new ports in Ndayane, Senegal, and Tuna-Tekre, India.