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Home»Investment»DP World announces new $50 million investment to expand container operations at Brazil’s Santos Port
Investment

DP World announces new $50 million investment to expand container operations at Brazil’s Santos Port

The Elite Times TeamBy The Elite Times TeamMarch 21, 2024No Comments3 Mins Read
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The acquisition of 21 new port infrastructure assets will increase production capacity to 1.7 million TEU and accelerate the expansion strategy.

SANTOS, BRAZIL, March 21, 2024 (GLOBE NEWSWIRE) — DP World, a global leader in supply chain solutions, is investing US$50 million (approximately R$250 million) to acquire new port equipment for its terminal. announced new investments. It is located on the left bank of the port of Santos, Brazil.

The investment is the latest phase of the US$85 million (Reais 425 million) terminal expansion project, which includes an additional 190 meters extension of the dock announced for US$35 million (Reais 175 million) in 2023. is also included. Completion is scheduled for the end of the year. In 2024, DP World’s terminals will be able to berth two of its Q-max scale (over 345 meters) vessels, creating significant opportunities to increase efficiency for carriers. This new facility will expand the terminal’s capacity to 1.7 million TEU, increasing DP World’s ability to support Brazil’s strong economic growth.

A total of 21 new pieces of equipment have been acquired, including 2 quay cranes, 5 RTGs (rubber-tired gantry cranes), 12 ITVs (in-house transport vehicles), and 2 ECHs (empty container handlers).

Fabio Ciccherino, CEO of DP World in Brazil, said: “DP World’s investment in Brazil is aimed at responding to the strong growth of Brazil’s container market post-pandemic and maintaining Santos’ role as a hub port in South America. We are constantly evaluating new investments with the aim of ensuring that the Port of Santos’ capacity continues to exceed demand while providing services.”

In line with DP World’s global strategy to neutralize carbon emissions by 2040, the new equipment is already equipped with technologies that reduce greenhouse gas consumption and emissions.

It is worth noting that the company is already a pioneer in this field, starting the electrification process of RTGs at the Port of Santos in 2023, introducing 22 machines and reducing the terminal’s diesel consumption by 60%. Masu.

– end –

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 improve the flow of global trade and transform possibilities for the customers and communities we serve around the world.

With a dedicated and diverse professional team of more than 108,100 employees from 161 nationalities across 74 countries on six continents, DP World makes trade faster for future-proof, seamless supply chains. We are pushing forward.

We are rapidly transforming and integrating our businesses in ports and terminals, marine services, logistics and technology, bringing together global infrastructure and local expertise to deliver stronger, more efficient end-to-end supply chain solutions. and are changing the way society works. world trade.

Additionally, we are reinventing the future by investing in innovation. From intelligent delivery systems to automated warehouse stacking, we are at the cutting edge of disruptive technologies that drive the sector towards better ways of doing business and minimize disruption from the factory floor to the customer’s door.

we create trade flows

To make a difference that everyone can do.

CONTACT: Melina Vissat DP World Americas (704) 605-6159 melina.vissat@dpworld.com

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