The renewal of DP World’s partnership with Hapag-Lloyd at Santos for another decade coinciding with a US$190 million terminal expansion represents far more than a routine contract extension.
This strategic alignment reveals converging interests between a global terminal operator pursuing vertical integration and a major carrier seeking to solidify its South American footprint amid challenging market conditions and alliance restructuring.
The 10-year renewal extends a collaboration dating to 2014, locking in Hapag-Lloyd’s commitment to Brazil’s largest container hub through the 2030s.
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