DP World Reports Record Container Handling Of 88.3 Million TEUs In 2024 Amid Global Trade Challenges

DP World achieved a record throughput of 88.3 million TEUs in 2024, marking an 8.3% increase from the previous year. This growth occurred despite global economic challenges and uncertainties in trade prospects. The company's extensive infrastructure investments and new service offerings at its terminals played a significant role in this achievement.

DP World's capacity now exceeds 100 million TEUs across operations in 78 countries. This expansion highlights the company's ability to manage supply chain disruptions while maintaining reliable services for its global clientele. The diversified portfolio has been crucial in sustaining performance amid volatile conditions.

Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, stated, "During the last 10 years we have invested more than $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."

The Posorja terminal in Ecuador led DP World's portfolio with an impressive 87% increase, reaching nearly 1 million TEUs. Other locations like San Antonio in Chile, Yarimca in Türkiye, Chennai in India, Callao in Peru, Antwerp in Belgium, and London Gateway in the UK also experienced significant growth.

Newly added ports and terminals contributed almost 1 million TEUs to the total volume. These include the DP World-Evyap merger in Turkey, operations at Dar Es Salaam Port in Tanzania, and Indonesia's Belawan New Container Terminal.

Jebel Ali Port, DP World's flagship facility, recorded a 7% rise compared to 2023. Such developments underscore the company's strategic focus on enhancing its end-to-end logistics capabilities globally.

Sultan Ahmed bin Sulayem expressed confidence about future growth prospects: "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."

This robust performance reflects DP World's commitment to supporting international trade through strategic investments and operational excellence. The company remains optimistic about navigating future challenges while capitalising on emerging opportunities within the container market.

With inputs from WAM