DP World to Invest $200 Million in Santos Port Expansion

DP World, successfully based on the Left Bank of the Port of Santos for over a decade, is set to invest $200 million in expansion and modernization projects. The endeavor aims to enhance the annual throughput from 1.2 million TEUs to 1.4 million TEUs, along with extending the quay area from 1,100 meters to 1,290 meters. The completion of the project is projected for 2024.

“In Brazil, we have many accomplishments to celebrate after a decade of operations. We recently announced a new expansion that reflects the Port of Santos‘ position as an important transport and logistics artery in the region,” says Fabio Siccherino, CEO of DP World.

“This gives us the flexibility to develop new projects that will support our cargo diversification strategy and end-to-end logistics to serve the national economy, helping Brazilian products to be more competitive in the global market,” says Siccherino.

The Santos terminal began with container and general cargo operations on a 653-meter quay with a capacity of 1.2 million TEUs. Over the years, its diversification strategy led to the inauguration of a pulp-handling complex for Suzano in 2020. The quay was extended to 1,100 meters, and a 35,000-square-meter warehouse was built, integrated with a 4,000-meter railway yard.

In the past decade, the terminal handled over 5,200 vessels, more than 7.4 million TEUs, over 9.5 million tons of pulp bales, over 123,000 TEUs of cross-docking cargoes, and over 4 million gate transactions. Over $3 billion has been invested in the country during this period, with a 248% increase in the number of employees.

The chart below shows exports and imports, measured in TEUs, recorded at the DP World Terminal in Santos. The data is from DataLiner.

DP World Terminal | Exp & Imp | Jan 2020 – Oct 2023 | TEU

Source: DataLiner (click here to request a demo)

Electrification

In a recent development, DP World’s terminal in Santos has embarked on an electrification journey for its RTGs (Rubber-Tired Gantry Cranes), key pieces of equipment for container handling.

The project entails the adaptation of 22 diesel-operated cranes, with five slated for conversion this year and the remainder by 2024. This shift is expected to slash the terminal’s diesel consumption by up to 60%. Notably, the terminal has already incorporated renewable energy for newly acquired equipment.

“Beyond the reduction in diesel consumption, there will be refinements in maintenance costs, for example. All of this is part of the decarbonization project,” adds Siccherino.

On a global scale, the DP World Group is investing over $500 million to reduce 700,000 tons of carbon within five years. The ultimate goal is to achieve carbon neutrality by 2040 and zero carbon emissions by 2050.

Source: A Tribuna

Click here to read the original news text: https://www.atribuna.com.br/noticias/portomar/dp-world-vai-aumentar-capacidade-de-terminal-no-porto-de-santos

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