DP World Invests in Fleet of 47,000 Containers

DP World Invests in Fleet of 47,000 Containers

DP World has expanded its supply chain offerings by purchasing 47,000 twenty-foot equivalent units (TEUs) of its own containers for the first time.

The Dubai-based, multinational logistics company, DP World expanded its container fleet by adding 47,000 TEUs, all registered and rebranded under the DP World brand. 

Marine Services Global Chief Operating Officer at DP World, Ganesh Raj said: “In today’s increasingly complex and competitive commercial environment, supply chains are under growing pressure”.

Disruptions in recent years to the global supply chain has seen periods where equipment has become scarce. The addition of new containers will bolster DP World’s ability to quickly respond to customer demand.

“By investing in a younger fleet with reduced maintenance needs, the company aims to reduce its operating costs—passing these savings directly to customers, who can depend on consistently high-quality service,” a statement by DP World said.

As aligned with DP World’s fleet renewal strategy, the fleet of containers will give DP World customers access to essential container capacity, especially during peak demand periods or unforeseen disruptions.

Raj added: “This injection of 47,000 TEUs into the existing ecosystem of DP World-owned assets will help our customers access the capacity they need, safe in the knowledge that their goods will be moved from end to end with a single partner”.

DP World has grown from a terminal operator to a global logistics company with assets spread across 78 counties on six continents. Their owned assets encompass the multimodal logistics supply chain, including vessels, ports, terminals, economic zones, warehouse facilities, specialist pharma-grade cold storage centres, electric shuttle carriers, HVO-trucks, and digital wallets.

DP World has pledged that as part of their sustainability commitment, these new containers will be transported on fuel-efficient vessels, trucks, and trains.

DP World also recently revealed plans for a £1 billion expansion of London Gateway, with a five-year aim to make it the UK’s largest container port.

Their statement added: “DP World continues to focus on the strategic expansion of its assets and expertise, as part of its efforts to streamline the flow of trade, lower costs, and reduce environmental impact. Fundamental to these efforts is DP World’s commitment to its customer, and effort to simplify processes and boost technology to reduce friction and help trade flow”.

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Author
Andrew Yarwood
Date
30/12/2024
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