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DP World unveils major investments to enhance Latin American ports
DP World, a global leader in supply chain solutions, is significantly investing in its port terminals in Peru and Ecuador to boost capacity and operational efficiency.
Dr.G.R.Balakrishnan Jun 08 2024 Indian Ports News

DP World unveils major investments to enhance Latin American ports

This move aligns with its strategic vision for Latin America, offering more trade opportunities for its customers. These expansions come at a time when the global supply chain landscape is becoming more complex, prompting leaders to find ways to mitigate risks and enhance resilience.

Positioned on the West Coast of South America, Peru and Ecuador are crucial to DP World’s global strategy, serving as vital gateways to international trade.

"DP World remains committed to creating resilient and efficient logistics solutions. Peru and Ecuador’s strategic locations provide reliable connections from the west coast of South America to major global markets. This substantial investment in port infrastructure and state-of-the-art equipment underscores DP World’s dedication to enhancing capacity, operability, and economic contributions in this vital region," stated Carlos Merino, CEO of DP World in Peru and Ecuador.

DP World is preparing to celebrate two significant milestones in the coming months: the inauguration of the completed Bicentennial Pier expansion project at its Port of Callao operations in Peru, and the commencement of a berth expansion project at the Port of Posorja in Ecuador.

In Peru, the Bicentennial Pier expansion at DP World Callao will dramatically increase the terminal's capacity by 80%, transforming it into a premier logistics hub on the west coast of South America. This US$400 million project extends the pier to 1,050 meters, allowing it to accommodate up to three vessels simultaneously and boosting its annual capacity to 2.7 million TEUs (20-foot containers). The expansion also features state-of-the-art electric-powered equipment and the first electric charging station for trucks in Latin America, promoting sustainable logistics solutions.

DP World Callao handles 60% of the country’s containerized cargo, reinforcing the port’s role as the economic heart of Peru. Additionally, DP World operates the Port of Paita in northern Peru, enhancing the country's connectivity to global markets. In Ecuador, DP World is planning to expand the berth at the Port of Posorja to improve capacity and operational efficiency. Earlier this year, the deepwater port received three key service routes from Maersk, strengthening its strategic role in connecting Latin America with global markets.

Merino added: “DP World’s investments in Latin America encompass private capital infusion, job creation, and social and environmental initiatives. These investments align with global market trends where clients demand efficient, safe, and sustainable ports and logistics solutions.” The company's investment also extends to Chile, where DP World San Antonio is conducting a pilot project to test the MoorMaster NxG, an advanced mooring system using automated vacuum pads that can moor and release vessels within seconds. DP World San Antonio will be the first terminal in the Americas to implement this system.

These strategic investments underscore DP World's commitment to enhancing Latin America's role in global trade, improving regional connectivity, and promoting sustainable economic growth