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International Cooperation Department
Tel.: (+86-21) 65853850-8034
Fax: (+86-21) 65373125
E-mail: ICDept@sisi-smu.org
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International Shipping |
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| DP World handles record 88.3 million TEU in 2024 |
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Date:2025-02-13 Readers:
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UAE port operator DP World saw its container volume rise 8.3 per cent to a record 88.3 million TEU in 2024, amid strong growth at its terminals, reports London's Lloyd's List.
The global logistics provider said despite macroeconomic headwinds and concerns about the outlook for global trade, it benefited from long-term infrastructure investments that will give it the capacity to handle more than 100 million TEU across all its operations.
"During the last 10 years we have invested more than US$11 billion in world-class ports and logistics infrastructure to make trade flow," said DP World chairman and CEO Sultan Ahmed bin Sulayem.
"This record performance is further evidence that our long-term investment is providing the right services for our customers in the right places," he said.
DP World credited its diversified global portfolio and ability to navigate supply chain volatility for its record performance despite the challenges posed by the Red Sea crisis in 2024.
"As we continue to expand, we reach deeper into the global supply chain by expanding our end-to-end logistics capabilities. We are also confident that the container market will continue to grow and that we have the capacity to service it.
"Whatever the short-term challenges, we remain bullish on the outlook for world trade," Mr bin Sulayem.
The top performer in DP World's portfolio was the Posorja terminal in Ecuador, on South America's west coast, which posted a remarkable 87 per cent rise in volume to nearly one million TEU.
Double-digit growth was also seen at San Antonio in Chile, Yarimca in Turkey, Chennai in India, Callao in Peru, Antwerp in Belgium and London Gateway. Meanwhile its flagship Jebel Ali port saw a seven per cent rise in the number of containers handled from 2023.
DP World's new ports and terminals also made positive contributions, adding nearly one million TEU to the total volume. These include the new DP World-Evyap merger in Turkey, new operations at Dar es Salaam port in Tanzania and the Belawan New Container Terminal in Indonesia.
In contrast, Singapore-based PSA International posted a 5.6 per cent rise in containers handled to 100.2 million TEU in 2024, the first time the group has surpassed 100 million TEU in annual volume.
https://www.shippingazette.com/news?news_id=9250200000336
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