DP World to expand Port of Santos facilities in Brazil
#DPWorld has unveiled plans to spend $38m this year on its facilities located on the left bank of Port of Santos in #Brazil.
The financing will be used to expand and upgrade facilities at the port, which is claimed to be one of the most modern private multi-purpose port terminals in the country.
The company will expand its annual movement capacity from 1.2 million twenty-foot equivalents (TEUs) to 1.4 million TEUs as well as enlarge the quay size from 1,100m to 1,300m.
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Presently occupying an area of 845,000m², the terminal has a further 130,000m² available for expansion.
Furthermore, the expansion will increase the cellulose export complex’s capacity from 3.6 million tons to 5.4 million tons per annum.
The project represents the Dubai-based port operator’s third investment round since launching its Brazil operations in July 2013.
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So far, the company has invested $577m (R$3bn) to implement and expand the terminal, enabling large-scale multi-purpose operations by offering better access by road and rail.
DP World Santos CEO Fabio Siccherino 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 the surplus area and rail access – provides the opportunity to expand capacity.”
In January, DP World joined forces with Danish shipping firm AP Moller-Maersk to lower emissions at Jebel Ali Port in Dubai, UAE.
Source: Ship Technology
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