DP World has expanded its presence in the Asia Pacific region with the opening of 51 new offices, delivering a full range of logistics services on top of the addition to the 20 ports and terminals it operates in the region.
This development is the latest in DP World's expansion into end-to-end logistics within APAC, which is the largest and fastest-growing region in the world for outsourced logistics.
In a statement, DP World said the expanded network — focused on air and ocean freight — is backed by DP World's vast infrastructure from ports and terminals to warehouses, trucks, rail and vessels, allowing businesses to streamline their supply chains.
"Global trade is in the midst of an unprecedented era of flux in the face of growing geopolitical and economic uncertainty. We have an opportunity to help businesses navigate increasingly complex supply chains as they seek enhanced market access and streamlined but resilient logistics from factory floor to customer door," said Glen Hilton, CEO & managing director, Asia Pacific, DP World.
"With our expanded regional freight forwarding network backed by decades of experience in managing ports and terminals, our customers can count on us to support them in achieving their growth ambitions," he added.
In addition to managing the flow of trade through its ports and terminals, DP World noted that it is now in a "stronger position" to offer a more comprehensive suite of logistics services.
In cities where the company already operates a port or terminal facility, this expanded presence allows customers to tap into the existing network, for a more seamless flow of goods.
DP World said the full range of logistics services it offers include order and origin management, port handling and freight management for ocean and air, as well as at-destination services such as customs clearance and bonded warehousing services.
The company also offers a variety of value-added services, including embedded trade finance, commodity-specific services, cars in containers, transload and advanced hubs and more.
Expanded footprint, strong growth prospects in APAC
DP World noted that the APAC region presents the single largest opportunity for businesses to capitalise on, and it is poised to help them achieve that ambition as an end-to-end supply chain solutions provider.
"The region is the largest and fastest-growing in the world for outsourced logistics and is projected to account for 40% of global revenues for contract logistics services by 2027," it said, adding that this year, it is also the fastest-growing region in terms of both exports and imports — at over 5% growth each.
Beyond widening its APAC freight forwarding network, DP World has also been strengthening its capabilities in other areas of logistics across the region over the last few months.
These include the US$50 million investment to develop DP World Busan Logistics Centre in Busan New Port, the acquisition of Savan Logistics, the operator of Savannakhet dry port located in Laos, and the introduction of a daily rail service connecting Sydney's Port Botany to Yennora Intermodal Terminal.
