UAE port operator DP World has entered into a long-term strategic agreement with Danish shipping company Maersk to expand maritime services at DP World's terminal in the Port of Santos in Brazil.
Under the terms of the eight-year agreement, Maersk will introduce additional long-term services and maintain a minimum service level. In the first year, Maersk will launch six new services with eight weekly calls, increasing to seven services and 10 weekly calls in 2026 following DP World’s capacity expansion.
Currently, the terminal handles 1.4 million TEUs annually. To accommodate growing demand, DP World is investing BRL450 million (US$79.7 million) to expand its container handling capacity to 1.7 million TEUs by the end of 2026.
The company also plans to invest an additional BRL1.6 billion (US$280 million) to further increase capacity to 2.1 million TEUs by the end of 2027.
"This agreement with Maersk not only allows us to expand our operational capacity for container handling but also ensures long-term aces to Brazil’s leading port and logistics hub," said Márcio Medina, Commercial Vice President of DP World in Brazil.