DP World has announced plans to expand Caucedo transhipment hub in an effort to prepare for the larger vessels that will be sailing through the Panama Canal once it is completed in April, 2016, according to the Journal of Commerce.
DP World’s Caucedo transhipment hub has already boosted its annual capacity by 210,000 TEU to 1.65 million TEU from 1.44 million TEU in 2013.
The hub has 1,700 feet of quay area beyond the hub’s berth, which could potentially boost cargo volumes to around 2.5 million TEU.
Morten Johansen, Executive Director for DP World Caucedo, said: “That’s still the long-term plan and the dredging is the first step in that direction.
“The objective of the logistics centre, which is in the port’s free zone, is to attract new international customers who use the Dominican Republic as a distribution hub.”
DP World’s flagship Jebel Ali Port in Dubai recently won the award for best Middle Eastern seaport for the twenty-first year in a row.
The port currently handles around 20 million TEU of cargo each year, but this will be significantly higher once its T4 container terminal becomes fully operational.
In a recent news article published by PTI, it was announced that the Chairman of DP World had met with Russian President Vladimir Putin in talks to improve trade connections between Russia and DP World’s trade hubs in the Middle East.
(Source: DP World Caucedo / YouTube)