DP World has reached a milestone by exceeding 100 million TEUs in container handling capacity across its global operations since its establishment. This accomplishment underscores a remarkable investment of over $11 billion in strategic initiatives and infrastructure enhancement over the past decade. It positions DP World at the leading edge of international trade, enabling the company to assist customers in expanding their businesses and delivering comprehensive supply chain solutions, Dubai Media Office reported.
Capacity growth over the last decade
In the last ten years, DP World’s capacity has increased by 33 percent, chiefly fueled by expansions, new greenfield projects, and acquisitions. Beginning with 75.6 million TEUs in 2014, the company has continually committed to modernizing its infrastructure to keep pace with the demands of a transforming global supply chain.
Recent performance and market share
In the past year, the company’s global gross container handling capacity grew by 5 percent, establishing a strong foundation for further extending its influence within the supply chain. This expansion solidifies DP World’s 9.2 percent share of the global container market and illustrates its dedication to investing in the markets where it operates, while also providing enhanced capacity for its customers and partners.
Sultan Ahmed bin Sulayem, group chairman and chief executive of DP World, remarked: “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.”
Future projections and infrastructure development
According to Drewry Container Forecaster, global container throughput is projected to increase by 2.8 percent this year. DP World integrates infrastructure, multimodal transportation, and logistics services to connect businesses with their customers, with entirely new ports at Ndayane in Senegal and Tuna-Tekre in India currently under development.
Tiemen Meester, COO, Ports & Terminals, DP World, stated: “Reaching such an impressive milestone is significant for us, but it’s what that figure represents in terms of the flow of global trade and what it has enabled in the markets we have invested in that is really exciting.
“Over the last 20 years we have invested in ports and terminals across the world, often in less traditional and underdeveloped trade markets, where our socio-economic impact has been significant. 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. Our work there in the last six months has almost eradicated that issue and the future looks a lot brighter for Tanzanian trade.”
This year also marks important anniversaries, including 45 years of Jebel Ali Port and 40 years of the Jebel Ali Freezone, reflecting the company’s rapid expansion and commitment to innovation in trade.
