DP World Achieves Record-High TEU Volumes in 2024

DP World’s ports and terminals have achieved a record-breaking 88.3 million twenty-foot equivalent units (TEUs) in 2024, marking an 8.3% increase year-on-year.

This impressive growth comes despite global macroeconomic challenges and uncertainties surrounding the outlook for international trade.

The global logistics giant, now with the capacity to handle over 100 million TEUs across 78 countries, attributed its success to significant long-term infrastructure investments. These investments have contributed to new services and strong growth across its terminal operations.

Despite the ongoing Red Sea crisis, which disrupted global shipping and caused delays and rerouting, DP World’s performance highlights the strength and resilience of its diversified global portfolio. The company’s ability to adapt to supply chain volatility ensures uninterrupted services for customers worldwide.

Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, emphasized the importance of the company’s decade-long investments, amounting to over $11 billion in world-class ports and logistics infrastructure. He added,

“This record performance further proves that our long-term investments are providing the right services in the right locations.”

Notably, DP World’s Posorja terminal in Ecuador led the way with a remarkable 87% surge in volume, nearing 1 million TEUs. Other terminals, including those in Chile, Türkiye, India, Peru, Belgium, and the UK, also saw double-digit growth. The company’s flagship Jebel Ali Port in Dubai saw a 7% increase.

Additionally, new ports, such as those in Tanzania, Indonesia, and the recently merged DP World-Evyap terminal in Turkey, contributed nearly 1 million TEUs to the total volume.

DP World remains confident in the continued growth of the container market despite short-term challenges.

News Source: Dubai Media Office