DP World Invests $35 Million in Port of Santos

March 3, 2023

(Photo: DP World)
(Photo: DP World)

DP World announced it will invest $35 million in 2023 to expand and modernize its facilities on the left bank of Brazil’s Port of Santos.

With the investment, the company plans to increase annual movement capacity from 1.2 million TEUs to 1.4 million TEUs and expand the size of the quay from 1,100 meters to 1,300 meters. The terminal currently inhabits 845,000 square meters, with an additional 130,000 square meters available for expansion.

The project marks DP World’s third round of investment since operations began in Brazil in July 2013. To date, more than R$3 billion has been invested in the implementation and expansion of the terminal, which has access to land, road and rail.

Fabio Siccherino, CEO of DP World Santos, said, “Investing in the Port of Santos is a calculated move that reflects the port’s position as a critical artery for transportation and logistics in the region. We have a strong advantage in that the Port’s location – with surplus area and rail access – provides the opportunity to expand capacity. As a result, we have the flexibility to develop new projects that will support our cargo diversification strategy, helping to meet the needs of national economy sectors and positioning Brazilian products to be more competitive in the global market.”

Logistics News

DP World, Asian Terminals Inc. Invest $100M to Boost Capacity at Manila South Harbor

DP World, Asian Terminals Inc. Invest $100M to Boost Capacity at Manila South Harbor

PD Ports Outlines Plans to Develop UK Offshore Wind Hub

PD Ports Outlines Plans to Develop UK Offshore Wind Hub

DP World Begins $165 Million Expansion of Maputo Container Terminal Capacity

DP World Begins $165 Million Expansion of Maputo Container Terminal Capacity

Port Canaveral Invests $500 Million in Five-Year Port-Wide Improvement Plan

Port Canaveral Invests $500 Million in Five-Year Port-Wide Improvement Plan

Subscribe for Maritime Logistics Professional E‑News

Turkey maintains its commitment to the contested "Kanal Istanbul" project
PJM Selects 51 US Projects for Additional Power Generation Capacity
Why did the German spy agency classify AfD, the far-right party, as "extremist"?