DP World, a global logistics business operating in 78 countries, achieved a record handling of 88.3 million twenty-foot equivalent units (TEUs) in 2024, showing an 8.3% increase from the previous year despite challenges in the global economy and uncertainties in international trade. This success was attributed to the company's significant long-term infrastructure investments that enable it to handle over 100 million TEUs.
Sultan Ahmed bin Sulayem, Group Chairman and Chief Executive Officer of DP World, emphasized the company's commitment to trade facilitation through continuous substantial investments in ports and logistics infrastructure. He expressed confidence in the future of global trade, citing their persistent optimism regardless of short-term obstacles.
In 2024, DP World faced challenges due to the Red Sea crisis causing disruptions in global shipping. Despite this, their diversified global portfolio showcased resilience by successfully navigating supply chain disruptions and ensuring uninterrupted services to customers worldwide. Notable terminals like Posorja in Ecuador, San Antonio in Chile, Yarimca in Turkey, Chennai in India, and others demonstrated exceptional performance, contributing to double-digit growth figures.
The company's strategic expansion efforts included mergers in Turkey, the establishment of new operations in Tanzania and Indonesia, as well as the continuous growth of their flagship Jebel Ali Port, registering a 7% increase from the previous year. DP World's focus on increasing its global reach and enhancing end-to-end logistics capabilities reflects their confidence in the growing container market and their readiness to meet the demand with expanded capacity.
DP World's 2024 achievements highlight the effectiveness of their long-term investment strategies in providing competitive services to their customers globally. The company's ability to adapt to changing market conditions and its dedication to enhancing operational efficiency position it as a key player in the evolving global logistics landscape.