Phase 1 of DP World's deepwater port in Ecuador is operating successfully
DUBAI Ports (DP) World began operations at the first phase of its new US$538 million deepwater port of Posorja in Ecuador two months ago, already handling thousands of containers and a dozen post-panamax ships
DUBAI Ports (DP) World began operations at the first phase of its new US$538 million deepwater port of Posorja in Ecuador two months ago, already handling thousands of containers and a dozen post-panamax ships.
Posorja is expected to handle 750,000 TEU per annum during the first phase and 1.5 million TEU at full port capacity. The port is equipped with state-of-the-art technology, world-class infrastructure, and the largest gantry cranes in South America.
The overall $1.2 billion project will be modelled on Dubai's Jebel Ali port and free zone in the United Arab Emirates, turning Ecuador into a trade and logistics hub for the west coast of South America that can accommodate containerships with capacities exceeding 10,000 TEU, reported London-headquarterd Asharq Al-Awsat.
DP World CEO Sultan Ahmed bin Sulayem visited the facility to assess progress of the project. 'The new port and special economic zone will significantly improve Ecuador's global competitiveness and position the country as a dynamic business hub for the west coast of South America, following the model that has been tried and tested in Dubai and around the world,' he said.
'The last two months of operations have shown the importance and capability of the port to importers and exporters, shipping lines and local authorities as we work hand-in-hand with our partners to enable trade and develop innovative logistics solutions,' Mr Sulayem explained.
Phase two of DP World's project in Ecuador will be the development of 'Posorja ZEDE', a special economic zone (SEZ) for maritime, logistics and light industrial businesses.