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The contract is effective 7 December 2023 and will see P&O Maritime Logistics deploy three tugs to support operations at Caucedo, which has a capacity to handle up to 2.5M TEU.

Two of the tugs are newbuilds and all three will be equipped with market-leading capabilities enabling them to handle frequent visits by large vessels and provide oil spill response and firefighting duties when required.

Located near the Dominican capital Santo Domingo, the Port of Caucedo serves as an important bridge between the Americas and the Caribbean.

The new contract is part of P&O’s strategy to grow its footprint in the Americas, where it currently operates in the ports and LNG terminal services segment, including Canaport LNG at St John, Canada and Atlantic LNG at Point Fortin, Trinidad & Tobago. It also provides services for inland waterway bulk cargoes operating along the Paraguay and Paraná rivers; offshore services using MPSV Captain, which operates in Mexico; and operates a shortsea containerised vessel that has previously operated in the south Caribbean.

P&O Maritime Logistics chief executive Martin Helweg said, “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.” 

DP World Dominicana and chief operating officer DP World Americas region, Morten Johansen said, “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 pre-eminent logistics hub of the Americas.”

DP World has made major investments in the port, including US$114M to expand the main berth and more than US$700M on improving port logistics. 

“We are continuously fortifying our operations, augmenting connectivity and bolstering competitiveness. Our terminal remains committed to delivering exceptional standards of service,” he concluded.