The contract, which started in December 2023, will see P&O Maritime Logistics deploy three tugs to support operations at Caucedo, which has a capacity to handle up to 2.5 million twenty-foot equivalent units (TEUs).
Two of the tugs are new-builds and all three will be equipped with capabilities, helping facilitate higher frequency and handling of larger vessels.
The contract is part of P&O Maritime Logistics’ growth strategy in the Americas. Located near the capital Santo Domingo, the Port of Caucedo serves as an important bridge between the Americas and the Caribbean. DP World has made major investments in the port, including of $114m to expand the main berth, and more than $700m to develop its logistics ecosystem.
“We are delighted to have secured this 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,” said Martin Helweg, CEO, P&O Maritime Logistics.
“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, chief executive, DP World Dominicana and chief operating officer DP World Americas Region, added: “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 tugs, equipped with marketleading capacity and capabilities, further empowers us to expand our logistics hub and enhance connectivity.
“DP World considers the Dominican Republic a strategic location for ongoing investment and expansion. Our vision aligns seamlessly with the government’s strategy to transform the nation into the preeminent logistics hub of the Americas. With over $700m invested in DP World Ports and Terminals Caucedo, we are continuously fortifying our operations, augmenting connectivity, and bolstering competitiveness. Our terminal remains committed to delivering exceptional standards of service.”
P&O Maritime Logistics currently operates in the Americas covering ports and LNG terminal services including, for example, Canaport LNG at St. John, Canada, and Atlantic LNG at Point Fortin, Trinidad & Tobago.
