DP WORLD has announced the opening of its first ever logistics asset in Singapore, bringing its total warehousing capacity in the Asia Pacifici region to over 800,000 square metres.
The global port operator announced the opening of the 13,000 sqm multi-user bonded warehouse at the Mapletree Benoi Logistics Hub, which follows the unveiling of similar facilities in Incheon, South Korea and Hong Kong respectively.
The company chose the city-state as the location of its latest expansion, describing Singapore as the “financial conduit between China and South-East Asia”.
Glen Hilton, CEO and managing director for DP World in Asia Pacific, said “Today’s news is another significant milestone for us in Singapore, following the setup of our regional APAC headquarters here back in 2021”.
“This new addition will better fortify our offerings across the entire spectrum of logistics services, backed by our network of ports and terminals in the region.
“With these new facilities in Singapore, Hong Kong and South Korea complementing the existing network of assets we manage, we are now better positioned than ever to deliver agile, efficient, and reliable logistics solutions. We will continue to make strategic investments in key markets to give the best possible service to our customers.”
Since the relocation of its APAC regional office to Singapore in 2021, DP World has reportedly more than tripled its employee base in the country, currently employing over 10,000 people in APAC, which it said makes up almost 10 percent of its global workforce.
Through key acquisitions in the last twelve months, including Singapore-based Legend Global Logistics, the company said it has expanded its specialist logistics service offering for customers, adding new capabilities and expertise to its global networks of supply chain infrastructure.
In addition to Legend, DP World also completed the acquisition of Savan Logistics and Cargo Services Far East in the last twelve months.
It also announced a US$50 million investment to develop a new logistics centre in Korea’s Busan New Port, strengthening the port’s position as a logistics hub for Northeast Asia.
DP World said these moves are part of its broader vision to be the logistics partner of choice in Asia Pacific, delivering innovation, sustainability, and operational excellence to the supply chain.
In Australia, DP World recently announced it will open a new container park in the Port of Melbourne.
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