by Lloyd's List
7 February 2025 (Lloyd's List) - LEADING ports group DP World saw its container volume rise 8.3% to a record 88.3m teu in 2024, amid strong growth and new service calls at its terminals.
The global logistics provider said despite macroeconomic headwinds and concerns about the outlook for global trade, it benefited from long-term infrastructure investments that will give it the capacity to handle more than 100m teu across all its operations.
DP World group chairman and chief executive Sultan Ahmed bin Sulayem said: “During the last 10 years we have invested more than $11bn 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.”
DP World credited its diversified global portfolio and ability to navigate supply chain volatility for its record performance despite the challenges posed by the Red Sea crisis in 2024.
“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,” added Sulayem.
The top performer in DP World’s portfolio was the Posorja terminal in Ecuador, on South America’s west coast, which posted a remarkable 87% rise in volume to nearly 1m teu.
Double-digit growth was also seen at San Antonio in Chile, Yarimca in Türkiye, Chennai in India, Callao in Peru, Antwerp in Belgium and London Gateway DP World said. Meanwhile its flagship Jebel Ali port saw a 7% rise in the number of containers handled from 2023.
DP World’s new ports and terminals also made positive contributions, adding nearly 1m teu to the total volume. These include the new DP World- Evyap merger in Türkiye, new operations at Dar es Salaam port in Tanzania and the Belawan New Container Terminal in Indonesia.
In contrast, Singapore-based PSA International posted a 5.6% rise in containers handled to 100.2m teu in 2024, the first time the group has surpassed 100m teu in annual volume.
