DP World Announces New Investment of $50 Million for Expansion of Container Operations at Brazil’s Port of Santos
Acquisition of 21 new port infrastructure assets boosts capacity to 1.7 million TEUs, accelerates expansion strategy.
SANTOS, BRAZIL, March 21, 2024 (GLOBE NEWSWIRE) -- DP World, a global leader in supply chain solutions, announces a new investment of USD$50 million (approximately R$250 million) in the acquisition of new port equipment for its terminal located on the left bank of the Port of Santos, Brazil.
The investment is the latest phase of a USD$85 million (R$425 million) terminal expansion project, which also includes the USD$35 million (R$175 million) extension of the dock by an additional 190 meters announced in 2023. Scheduled for completion in late 2024, DP World’s terminal will be able to berth two Q-max scale (345+ meter) vessels, creating significant opportunities to boost carrier efficiency. The new equipment also allows the terminal to expand capacity to 1.7 million TEUs, boosting DP World’s ability to support Brazil’s strong economic growth.
In total, 21 new pieces of equipment will be acquired, comprising two quay cranes, five RTGs (rubber-tired gantry cranes), 12 ITVs (internal transfer vehicles), and two ECHs (empty container handlers).
*Fabio Siccherino, CEO of DP World in Brazil, said, *“The investments by DP World in Brazil aim to meet robust growth in Brazil’s container market in the post-pandemic era, as well as to maintain Santos’ role as a Hub Port for South America. We constantly evaluate new investments, with the aim of ensuring that the capacity of the Port of Santos stays ahead of demand, with a high level of service.”
In line with DP World’s global strategy to neutralize carbon emissions by 2040, the new equipment has already been acquired with technology to reduce consumption and emissions of greenhouse gases.
It is worth noting that the company had already been a pioneer in the sector and started the process of electrifying RTGs at the Port of Santos in 2023, with the adaptation of 22 machines, reducing the terminal's diesel consumption by 60%.
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*About DP World *
Trade is the lifeblood of the global economy, creating opportunities and improving the quality of life for people around the world. DP World exists to make the world’s trade flow better, changing what’s possible for the customers and communities we serve globally.
With a dedicated, diverse and professional team of more than 108,100 employees from 161 nationalities, spanning 74 countries on six continents, DP World is pushing trade further and faster towards a seamless supply chain that’s fit for the future.
We’re rapidly transforming and integrating our businesses -- Ports and Terminals, Marine Services, Logistics and Technology – and uniting our global infrastructure with local expertise to create stronger, more efficient end-to-end supply chain solutions that can change the way the world trades.
What's more, we're reshaping the future by investing in innovation. From intelligent delivery systems to automated warehouse stacking, we’re at the cutting edge of disruptive technology, pushing the sector towards better ways to trade, minimising disruptions from the factory floor to the customer’s door.
*WE MAKE TRADE FLOW *
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CONTACT: Melina Vissat
DP World Americas
(704) 605-6159
melina.vissat@dpworld.com