DP World has launched its first logistics asset in Singapore to strengthen its Asian logistics capabilities.

The 13,000-square-meter bonded warehouse at Mapletree Benoi Logistics Hub in Singapore is strategically positioned in the city-state, which DP World described as a "key financial conduit between China and Southeast Asia."

The facility joins DP World's growing regional footprint, following similar openings in Incheon, South Korea, and Hong Kong.

Complemented by its global ports and terminals network and freight forwarding business, DP World now manages more than 800,000 sqm of warehousing space across the region.

"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," said Glen Hilton, chief executive officer & managing director for DP World in Asia Pacific.

"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," he added.

Expanding footprint in Singapore to fuel regional growth

DP World said through key acquisitions in the last twelve months – including that of Singapore-based Legend Global Logistics (Legend) – the company 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 has 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 Busan New Port, strengthening the port's position as a logistics hub for Northeast Asia.

"These moves are part of DP World's broader vision to be the logistics partner of choice in Asia Pacific, delivering innovation, sustainability, and operational excellence at every step of the supply chain," it said.

DP World has tripled its workforce in Singapore since relocating its Asia Pacific regional headquarters there, and now employs 10,000 people across the region, making up almost 10% of its global workforce.