DP World and the Vancouver Fraser Port Authority have celebrated two historic events – the completion of the Centerm Expansion Project at DP World Vancouver, and the 100th anniversary of the port’s marine terminal operations.
The completion of the Centerm Expansion Project cost AED 954 million ($259.7 million) and is expected to increase throughput by 60 per cent.
The newly expanded terminal can now handle 1.5 million TEU a year, compared to 900,000 TEU previously, while adding 15 per cent to the terminal’s overall footprint.
The project reduces the terminal’s environmental impact by adding capacity for container ships to connect to electrical shore power and converting its diesel yard cranes to electric.
It further reduces greenhouse gas emissions by eliminating wait times for vehicles at train crossings and building to LEED and Envision certification sustainability standards, according to DP World.
The expansion was completed by Centennial Expansion Partners (CXP).
“This expansion represents a significant investment in the future of international trade, and we are honoured to continue to play a vital role in connecting Canadian businesses to markets around the world, while contributing to sustainable economic growth and prosperity for all,” Group Chairman and CEO of DP World, Sultan Ahmed Bin Sulayem, said.
READ: DP World nears 20 million TEU in Q1 2023
Additionally, the 100-year anniversary marks an opportunity to celebrate DP World’s employees, the ILWU (International Longshore and Warehouse Union) – with over 10,000 longshore and foremen employees having worked for DP World in BC over the past 20 years, handling over 20 million loaded TEU, according to the logistics company.
“The 100th anniversary of terminal operations on the west coast is a wonderful opportunity to celebrate Canada’s rich maritime and port history and look ahead to a future that includes DP World’s industry-leading technology and innovation in supply chains,” Sulayem continued.
In April 2023, DP World Antwerp Gateway received three new quay cranes at its terminal, marking the latest milestone in its expansion and modernisation plan.
More recently, DP World announced the installation of sunlight-converting photovoltaic panels at its UK London Gateway hub.
