eBlue_economy_DP World expanded its business in Peru
DP World, a Dubai-based global port operator, announced that it has expanded its business in Peru into a fully integrated maritime and logistics operation.
It has completed the development of the first phase of the deepwater port of Posorja in Ecuador for around $538 million. The whole project is estimated to cost around $1.2 billion.
The development of the port by DP World will make Ecuador a trade and logistics hub for South America’s west coast. It will also see large container ships with capabilities exceeding 10, 000 twenty-foot equivalent (teu) arriving at the port of Posorja.
Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, visited Peru’s chief port – the Port of Callao – to assess the progress of the project.
“Our operations in Peru show in action DP World’s strategy of enabling smarter global trade,” said Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World. “We run ports, logistics hubs, trucking companies, and maritime services providing our customers in Peru with seamless services at every stage of the supply chain.”
“Peru is an optimum illustration of how we are applying around the world the know-how learned at Jebel Ali Port and JAFZA in Dubai. It is a benchmark of what we aim to achieve bringing greater prosperity to the countries in which we work, and to the UAE,” the Group Chairman added.
Since building the greenfield Port of Callao, DP World has increased its investment in Peru. The company acquired Cosmos Agencia Maritima S.A.C. (CAM), which offers maritime services.
Reach into Peru was extended when DP World bought Neptunia S.A and Triton Transport S.A, which run logistics hubs, warehouses, bonded storage, and trucking. The integrated platform of supply chain services supports customers doing business in Peru and beyond.
As a result, DP World Callao acts as an undisputed Gateway for Peru’s import and export container traffic, as well as a chief point for regional transshipments. The integration has equipped DP World to turn Peru into a trade hub for the Latin America region.
In the first half of 201, DP World handled 35.8 million TEU (Twenty-Foot Equivalent Units) across its global portfolio of container terminals, with gross container volumes growing by 0.5% year-on-year on a reported basis and 0.5% on a like-for-like basis.
“Trade is a driver of economic growth for Latin America and for countries all over the world, and this where we add value in our role at DP World as a global trade enabler,” Bin Sulayem added.
DP World has become a major player in the Americas with a network of terminals in Peru, Argentina, Ecuador, Chile, Brazil, Dominican Republic, Suriname, and Canada. DP World’s operations in the Americas remain committed to playing a central role in enabling global trade and targeting a broader strategy to expand operations across the supply chain, as exhibited in Peru.
