Global ports operator DP World has completed a $400 million expansion project at the Port of Callao in Peru as part of the company's efforts to increase capacity across Latin America.
The move has boosted container handling capacity at the port's south terminal by 80 per cent, “solidifying Callao’s position as the key gateway for global trade on the west coast of South America”, DP World said on Friday.
The project has increased handling capacity to 2.7 million twenty-foot equivalent units (TEUs), from 1.5 million TEUs, while the container yard space has been expanded to a total of 40 hectares, the company said.
The port’s pier has also been extended to 1,050 metres, from 650 metres, allowing Callao to accommodate “three ships or two mega-ships at once”, making it one of the few ports in South America with the capability, DP World said.
“This expansion significantly enhances our capacity and operational efficiency,” said Carlos Merino, chief executive of DP World in Peru and Ecuador.
“This development, in conjunction with other DP World ports in the region, solidifies our commitment to enhancing the connectivity and economic vitality of Peru and the entire region.”
DP World is heavily investing in its port terminals in Peru and Ecuador to boost capacity and operational efficiency.
In Ecuador, the company plans to extend its berth at the Port of Posorja to 700 metres, with an investment of $140 million. DP World also manages a special economic zone adjacent to the port.
In April, DP World teamed up with Brazilian railway operator Rumo to build a terminal at Brazil’s Santos port – one of the largest ports in Latin America – to manage 12.5 million tonnes of cargo annually.
The construction cost for the new complex at Santos is estimated to be 2.5 billion Brazilian real ($500 million), according to Rumo’s estimates.
Latin America's international trade has increased gradually over the last two decades. However, it still lags behind most other emerging markets.
International trade accounts for only 47 per cent of the region’s GDP, which is about 20 percentage points lower than that of other emerging markets worldwide, the International Monetary Fund said in a report last year.
“Latin America would likely enjoy large economic gains by improving important commercial infrastructure, such as transportation and customs,” the fund said.
“Streamlining customs procedures, fostering public-private partnerships in the logistics industry, and lowering bureaucratic obstacles are examples of policies that can help.”
Mohammed bin Zayed Majlis
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National Editorial: Suleimani has been killed, now we must de-escalate
Mina Al Oraibi: Air strike casts a long shadow over the decade ahead
Matthew Levitt: Iran retains its ability to launch terror attacks
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Emergency phone numbers in the UAE
Estijaba – 8001717 – number to call to request coronavirus testing
Ministry of Health and Prevention – 80011111
Dubai Health Authority – 800342 – The number to book a free video or voice consultation with a doctor or connect to a local health centre
Emirates airline – 600555555
Etihad Airways – 600555666
Ambulance – 998
Knowledge and Human Development Authority – 8005432 ext. 4 for Covid-19 queries
The burning issue
The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.
Read part four: an affection for classic cars lives on
Read part three: the age of the electric vehicle begins
Read part two: how climate change drove the race for an alternative
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The specs: 2018 Mercedes-Benz E 300 Cabriolet
Price, base / as tested: Dh275,250 / Dh328,465
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Matthew Levitt: Iran retains its ability to launch terror attacks
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-5 C Conners (Can)
-3 B Koepka (US), K Bradley (US), V Hovland (Nor), A Wise (US), S Horsfield (Eng), C Davis (Aus);
-2 C Morikawa (US), M Laird (Sco), C Tringale (US)
Selected others: -1 P Casey (Eng), R Fowler (US), T Hatton (Eng)
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Jack Moore: Why the assassination is such a monumental gamble
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Mina Al Oraibi: Air strike casts a long shadow over the decade ahead
Jack Moore: Why the assassination is such a monumental gamble
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Hussein Ibish: Trump's order on solid constitutional ground
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• Remittance charges will be tackled by blockchain
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• News has a bright future and the UAE is at the heart of it
• Architecture is over - here's cybertecture
• The National announces Future of News journalism competition
• Round up: Experts share their visions of the world to come
UAE jiu-jitsu squad
Men: Hamad Nawad and Khalid Al Balushi (56kg), Omar Al Fadhli and Saeed Al Mazroui (62kg), Taleb Al Kirbi and Humaid Al Kaabi (69kg), Mohammed Al Qubaisi and Saud Al Hammadi (70kg), Khalfan Belhol and Mohammad Haitham Radhi (85kg), Faisal Al Ketbi and Zayed Al Kaabi (94kg)
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Our legal consultant
Name: Hassan Mohsen Elhais
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Chef Nobu's advice for eating sushi
“One mistake people always make is adding extra wasabi. There is no need for this, because it should already be there between the rice and the fish.
“When eating nigiri, you must dip the fish – not the rice – in soy sauce, otherwise the rice will collapse. Also, don’t use too much soy sauce or it will make you thirsty. For sushi rolls, dip a little of the rice-covered roll lightly in soy sauce and eat in one bite.
“Chopsticks are acceptable, but really, I recommend using your fingers for sushi. Do use chopsticks for sashimi, though.
“The ginger should be eaten separately as a palette cleanser and used to clear the mouth when switching between different pieces of fish.”
