DP World hits record volumes in 2024

Global port and terminal operator DP World reported a record 88.3 million TEUs in 2024, representing an 8.3% year-on-year growth.

While the Red Sea crisis posed severe challenges to the global shipping sector in the previous year, causing delays and rerouting across major trade corridors, DP World said its record performance underscores the strength of its diversified global portfolio and its ability to navigate supply chain volatility.

Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, commented: “During the last 10 years we have invested more than US$11 billion in world-class ports and logistics infrastructure to make trade flow. This record performance is further evidence that our long-term investment is providing the right services for our customers in the right places.

“As we continue to expand our reach deeper into the global supply chain by expanding our end-to-end logistics capabilities, we are 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.”

DP World highlighted the performance of its Posorja terminal in Ecuador, on South America’s west coast, which achieved a remarkable 87% uplift in volume reaching nearly 1 million TEUs. Additionally, double-digit growth was seen at San Antonio in Chile, Yarimca in Türkiye, Chennai in India, Callao in Peru, Antwerp in Belgium and London Gateway in the UK.

DP World’s flagship Jebel Ali Port also saw a noteworthy 7% increase from 2023 levels.

At the same time, DP World’s new ports and terminals, including the DP World- Evyap merger in Türkiye, the operations at Dar Es Salaam Port in Tanzania and the Belawan New Container Terminal in Indonesia, added around 1 million TEUs to the total volume.

The post DP World hits record volumes in 2024 appeared first on Container News.