DP World signs Canadian terminal deal
DP World has signed a five-year management deal with Canpotex for operations at their terminal in Saint John, New Brunswick, Canada.
Canpotex, based in Saskatoon, Saskatchewan, is one of the world’s largest suppliers of potash overseas. The company runs three marine terminals in North America, a fleet of over 8,000 railcars, and charters its own vessel voyages.
“The Port of Saint John is an integral part of Canpotex’s supply chain,” said Gordon McKenzie, Canpotex president and chief executive. “We’re proud to work with DP World to ensure Canadian potash reliably reaches our customers overseas and help make global food security possible.”
DP World will oversee the handling of all potash through Canpotex’s Saint John terminal. Potash is a crucial crop nutrient and farmers worldwide depend on a reliable supply to improve global food production.
Under the agreement, DP World will be responsible for potash handling from Canpotex’s railcars, storage, inventory management in the warehouse and loading of ships destined for overseas markets.
“This long-term agreement reinforces our commitment to shaping the future of logistics and trade to benefit our clients and communities,” said DP World (Canada) chief executive, Douglas Smith. “We are thrilled to be partnering with an industry leader such as Canpotex.”
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