DP World surpasses 100 million TEUs in container handling capacity

DP World has achieved a significant milestone by exceeding 100 million TEUs (twenty-foot equivalent units) in container handling capacity across its global operations. This accomplishment underscores the company's substantial investments and strategic initiatives over the past decade.

Over the last ten years, DP World's capacity has grown by 33%, rising from 75.6 million TEUs in 2014. This expansion has been driven primarily by the development of new greenfield projects, strategic acquisitions, and the enhancement of existing facilities. The company's global gross container handling capacity increased by 5% in the past year, solidifying its 9.2% share of the global container market.

Sultan Ahmed bin Sulayem, Group Chairman and CEO 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."

Tiemen Meester, COO of Ports & Terminals at DP World, emphasized the broader impact of this milestone, stating, "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."

The company's strategic investments have not only expanded its capacity but also enhanced the efficiency and competitiveness of global trade. Notably, the acquisition of the Dar es Salaam facility in Tanzania has significantly reduced vessel waiting times, thereby improving trade efficiency in the region.