P&O Maritime Logistics, a DP World company, has signed a towage contract with DP World for the Dominican Republic that aims to increase the volume and size of vessels utilising the Port of Caucedo.
Starting 7 December, the P&O Maritime Logistics will deploy three tugs to the port with the intention of expanding the current annual capacity of 2.5 million TEUs.
P&O Maritime Logistics stated that the new contract is part of its growth strategy in the Americas.
Located near the city of Santo Domingo, the Port of Caucedo acts as an essential link between North and Latin America, and the Caribbean.
P&O Maritime Logistics CEO Martin Helweg highlighted how this new contract can aid in transforming the economy in the Dominican Republic.
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Helweg said: “We are delighted to have secured this new contract in Caucedo. This milestone further signifies the region’s importance to us. By supporting operations in the Port of Caucedo and facilitating an increase in both the volume and size of vessels calling at the port, we can make a positive contribution to the country’s economy.”
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By GlobalDataAll three tugs will be equipped with “market-leading” capabilities, which include oil spill response and firefighting.
Helweg added: “Beyond the business opportunity, it is equally important to us to make a positive impact on the communities we operate in. By broadening our offering in the region, we hope to not only create jobs for the country’s seafarers but to provide ongoing training and career development opportunities for each and every employee.”
Morten Johansen, CEO of DP World Dominicana and COO of DP World Americas, highlighted how the Dominican Republic represents a strategic location for an expansion of its services.
Johansen said: “We are excited to welcome P&O Maritime Logistics, a company with a proven track record of safe and sustainable operations. The introduction of these new tugs, equipped with market-leading capacity and capabilities, further empowers us to expand our logistics hub and enhance connectivity.”
DP World has already invested around $114m to expand the main berth at Caucedo and $700m in logistics systems, demonstrating the efforts made to transform port operations.
Johansen added: “Our vision aligns seamlessly with the government’s strategy to transform the nation into the preeminent logistics hub of the Americas. Our terminal remains committed to delivering exceptional standards of service.”
As previously reported by Ship Technology’s sister site Investment Monitor, the Dominican Republic has become an important trade link between Europe and the Americas, and this year, it can provide access to more than one billion consumers through various trade agreements.
