Posted on October 11, 2022
DP World has added new trade routes in the first three quarters of 2022. The new routes – connecting the Americas, Europe, Asia and the Middle East – have opened new trading opportunities for cargo owners.
The routes, which cover more than 23,000 nautical miles, also offer better access to goods and services for underserved populations, aiming to provide alternatives to globally congested routes and ports across the globe, according to the state news agency, WAM.
Tiemen Meester, COO of Ports & Terminals at DP World, said, “Our purpose is to make trade flow. By bringing together our world-leading capabilities in road, rail, sea and ports, we’re able to provide new trading opportunities that connect cargo owners with their customers, whatever their products and wherever they are in the world.
“Our new routes provide Central American fruit suppliers access to Asia, the UK and Western Europe, and African citrus growers access to new markets in the Middle East and South Asia. Ultimately, we aim to create better, more sustainable and more efficient ways to move cargo for our customers. We use cutting-edge innovations that create new ways to take goods to market where none exist or add alternatives where supply chains are subpar.”
New routes created so far in 2022 include connections between India, Middle East and Africa; multiple new routes connecting smaller ports with Rotterdam in Europe; and new connections between Latin America, Europe and Asia.
These include a new route connecting Ecuador’s fruit and cocoa producers to Asia for the first. French shipping line, CMA CGM launched a new service in August from DP World Posorja at Guayaquil port, connecting the country to Asia. This new direct connection route uses 11 vessels on rotation, improving transit times to Asia.
After three years of uninterrupted operations at Posorja, the new service will help position Guayaquil and Ecuador as a key hub, not just for the west coast of South America, but also for the South Pacific.
The new routes are part of a concerted effort by DP World to provide end-to-end logistics solutions, enabling the seamless movement of goods from the point of production to the end user through innovative technology and global intermodal transportation services across shipping, rail and road.
In other news, DP World has launched the Global Business Corporation, a new strategic arm focused on supporting large companies in achieving their growth ambitions. The initiative, which is set to further raise Dubai’s profile as a preferred global business destination, invites companies to enhance their international operating models with a base in the emirate.
GBC can provide business set-up and licensing — under unique common law-based GBC Regulations — for large companies that wish to set up a limited liability entity or branch in Dubai.