DP WORLD ANNUAL REPORT 2024
Explore our Annual Report to uncover DP World's strategic, operational, and financial successes , and how our bold vision continued to drive our industry forward.
RESILIENT GROWTH AMIDST GLOBAL UNCERTAINTY
In 2024, DP World reaffirmed its role as a leader in enabling global trade. The Annual Report details our notable achievements, the challenges we have navigated, and how our foundation for growth, strengthened by the ongoing expansion of our network into new regions and industries, culminated in a 9.7% revenue increase.
FINANCIAL HIGHLIGHTS
STRATEGIC HIGHLIGHTS
Crossing 100M TEUs
At the end of 2024, we surpassed 100 million TEUs of container capacity across our global portfolio.
Achieving Net Zero
We committed to a new decarbonisation target of 42% by 2030 (up from our previous 28% target), validated by the Science Based Targets initiative (SBTi).
New industry verticals
We acquired Cargo Services Far East Ltd, a global supply chain provider headquartered in Hong Legend Global Logistics, a Singapore-based global logistics firm specialising in the chemicals industry – to expand our our end-to-end offering.
Expansion of Freight Forwarding
We launched our global freight forwarding network, opening close to 200 freight forwarding offices globally, covering over 90% of global trade lanes.
BUSINESS REVIEW
With a vision to lead the future of world trade, we are working towards providing end-to-end supply chain solutions for our customers and partners.
Logistics
Building on our strong foundation in ports and terminals and marine services, DP World is accelerating growth through substantial investments in logistics, creating a fully integrated global logistics network.
These investments enable us to deliver specialised services and end-to-end logistics solutions for Beneficial Cargo Owners (BCOs) across a wide range of targeted industries. Our global logistics business is building a comprehensive network across six continents that are fully operational. Supported by a dedicated workforce of over 50,000 professionals, the logistics business plays a pivotal role in driving future growth, already contributing over US$8 billion in revenue and solidifying DP World’s journey toward becoming a global logistics provider at scale.
CHAIRMANS REVIEW
Each year brings new challenges, new achievements, and new responsibilities. Read our Chairman reflection on the milestones we’ve reached, the global landscape we navigate, and the long-term vision that continues to guide DP World forward.
At DP World, we are prepared to take on any challenge and turn it into an opportunity – and there are no exceptions to this rule when it comes to the disruptions we are facing today.