DP World partners with Maersk to upgrade its Brazil terminal: Dubai-based port operator DP World signed an eight-year strategic agreement with Danish shipping giant Maersk to expand maritime services and upgrade container-handling capacity at DP World’s Port of Santos terminal in Brazil, according to a press release.

Upping capacity: The terminal — which currently boasts an annual handling capacity of 1.4 mn TEUs — is slated to see DP World invest a total of BRL 2.1 bn (c. USD 369 mn) to expand its annual capacity to 2.1 mn TEUs by the end of 2027. Some BRL 450 (USD 79.7) mn will be invested to upgrade the terminal’s container-handling capacity up to 1.7 mn twenty-foot equivalent units (TEUs) annually by the end of next year.

New services: Under the eight-year agreement, Maersk will roll out six services with eight weekly calls in 2025. This will increase to seven services to reach a total of 10 weekly calls by 2026.

ICYMI- DP World also recently inked anagreement with Brazil’s leading railway operator Rumo to build a terminal for grains and fertilizers at Port Santos, in a project aiming to increase the port’s handling capacity by 12.5 mn tons per year.

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