15.4 C
February 29, 2024
Egypt Bulletin

Global supply chain congestion eased with new trade routes from DP World

The first three quarters of 2022 saw DP World expand its network by more than 23,000 nautical miles, equivalent to a complete circumnavigation of the globe. The newly-established routes – connecting the Americas, Europe, Asia and the Middle East – are already opening new trading opportunities for cargo owners, allowing underserved populations to access goods and services more easily, and providing alternatives to globally congested routes and ports.

Global supply chain congestion eased with new trade routes from DP WorldIn 2022, new routes have been created between India, the Middle East and Africa, as well as between Latin America, Europe and Asia. Among them is a new route connecting Ecuador’s fruit and cocoa producers to Asia for the first time. A newly-launched service was launched in August by the French shipping line, CMA CGM, connecting Guayaquil to Asia through DP World Posorja. With this newly-established direct connection route, 11 vessels rotate on a rotating basis, reducing transit times to Asia.

With the added service, Guayaquil and Ecuador will gain a key position in South America, as well as the South Pacific, after three years of uninterrupted operations at Posorja. Through innovative technology and global intermodal transportation services across shipping, rail and road, DP World is enabling seamless movement of goods from the point of production to the end user through the creation of new routes.

Related posts

OFID signs deal to co-finance road network in Bangladesh

ADNOC invests over $764 million in drilling-related services

Masdar wins bid to build $174 million solar project in Armenia

$750 million Emirates NBD bond listed on Nasdaq Dubai

Dubai real estate transactions cross AED4.1 billion in a week

Danish Government confirms official participation at Expo 2020 Dubai