Browsing: DP World

Dubai-based logistics giant DP World is moving forward with a $1.3B (GBP 1B) investment in its London Gateway port, as confirmed by the British government on Sunday. This comes after reports surfaced last week claiming the project had been paused in protest.

British International Investment (BII), the UK’s development finance institution, has pledged up to $35M for the first phase of a new container port in the Democratic Republic of Congo (DRC). The Port of Banana will be the DRC’s first deepwater container port, enhancing the country’s access to global markets and unlocking significant trade potential.

A significant investment of $400M by DP World, based in Dubai, has boosted the container handling capacity of the South Terminal at the Port of Callao by 80%. This makes Callao one of the leading ports in South America capable of accommodating three vessels simultaneously, or two mega-vessels, following the extension of the Bicentennial Pier near Lima. The pier has been expanded from 650 meters to 1,050 meters as part of DP World’s strategy for Latin America, increasing annual handling capacity from 1.5 million to 2.7 million TEUs (twenty-foot equivalent units) and expanding the container yard space to 40 hectares.

DP World has teamed up with Einride, a freight mobility company, to electrify container movements within Jebel Ali Port, ranked the world’s 10th busiest port by Alphaliner. This partnership will introduce the largest deployment of electric, autonomous freight mobility in the Middle East, operating continuously to reshape regional transportation.