DP World reaches 100 million TEU capacity milestone
DP World has achieved a milestone, surpassing 100 million TEUs of container handling capacity across its global portfolio for the first time in its history.
The achievement follows US$11 billion in strategic investments and infrastructure development over the last decade.
Over the past 10 years, DP World’s capacity has grown 33%, driven primarily by expansions and new greenfield developments as well as acquisitions. Starting with 75.6 million TEUs in 2014, the global port and terminal operator has consistently invested in upgrading infrastructure.
The company’s global gross container handling capacity rose by 5% in the last 12 months. The expansion cements DP World’s 9.2% share of the global container market and demonstrates its commitment to invest in the markets it operates while offering increased capacity to its customers and partners.
Sultan Ahmed bin Sulayem, Group Chairman and Chief Executive of DP World, said: “Crossing the 100 million TEU mark is a momentous milestone in our journey, which began 45 years ago. 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.
“Through our decades of experience operating in some of the most dynamic markets in the world, we have gained a deep understanding of every aspect of the complex global supply chain. This allows us to build customised solutions where others can only see obstacles.”
This year also marks significant anniversaries for DP World, including 45 years of Jebel Ali Port and 40 years of the Jebel Ali Freezone.
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