New Delhi: DP World handled a record 88.3 million twenty-foot equivalent units (TEUs) across its global portfolio of ports and terminals in 2024, marking an 8.3 per cent year-on-year growth despite macroeconomic headwinds and concerns over global trade. The company’s total handling capacity now exceeds 100 million TEUs across operations in 78 countries, supported by long-term infrastructure investments and the introduction of new services at its terminals.
The Red Sea crisis in 2024 posed significant challenges to global shipping, causing delays and rerouting across major trade corridors. However, DP World’s diversified global portfolio and ability to navigate supply chain disruptions contributed to the record performance.
“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,” said Sultan Ahmed bin Sulayem, Group Chairman and Chief Executive Officer of DP World.
“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,” he added.
Posorja terminal in Ecuador recorded the highest growth within the company’s portfolio, with an 87 per cent increase in volume, reaching nearly 1 million TEUs, driven by new services from Maersk. Double-digit growth was also reported 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 in Dubai registered a 7 per cent increase compared to 2023.
New ports and terminals added nearly 1 million TEUs to the total volume in 2024. This includes the DP World-Evyap merger in Turkey, new operations at Dar Es Salaam Port in Tanzania, and the Belawan New Container Terminal in Indonesia.
