DP World hits TEU capacity milestone of 100 million

Global logistics giant DP World has invested more than $11bn in port infrastructure through new builds, expansions and acquisitions to support the global trade.

Furthermore, the company is celebrating a major milestone now as it has surpassed 100 million TEUs of container handling capacity across its global portfolio since inception.

The achievement has been made possible due to over $11bn in strategic investments and infrastructure development over the last decade.

Over the past 10 years, DP World said that its 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 company has consistently invested in modernising infrastructure, as the company claims in its announcement.

Furthermore, 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.

“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,” said Sultan Ahmed bin Sulayem, group chairman and chief executive of DP World.

Tiemen Meester, COO, Ports & Terminals, DP World, noted: “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 significant anniversaries, including 45 years of Jebel Ali Port, 40 years of the Jebel Ali Freezone, reflecting the company’s rapid growth and commitment to innovation in trade.”