DP World Announces New Investment of $50 Million for Expansion of Container Operations at Brazil’s Port of Santos
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.
- 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 .
- 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.
- 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.