DP World (Canada) Inc., part of the Dubai-based global logistics and trade solutions provider DP World, announced on Jan. 9 that it has signed a five-year management contract with Canpotex for operations at Canpotex’s terminal in the port of Saint John, New Brunswick.
Under
the new agreement, DP World said it will be responsible for potash handling
from Canpotex’s railcars, storage, inventory management in the warehouse, and
loading ships destined for overseas markets. The existing Saint John team will
provide expertise and oversight to ensure the safe and environmentally sound
handling of Canpotex potash.
Canpotex’s Saint John dry bulk handling terminal has approximately 2 million mt
of annual throughput capacity and two storage facilities with a combined
storage capacity of around 210,000 mt, according to Canpotex’s website.
“The
Port of Saint John is an integral part of Canpotex’s supply chain,” said
Canpotex President and CEO Gordon McKenzie in the DP World media statement. “We
are proud to work with DP World to ensure Canadian potash reliably reaches our
customers overseas and help make global food security possible.”
Canpotex has a fleet of more than 8,000 railcars and access to three other
marine terminals in North America: Neptune Terminals in the port of Vancouver,
Portland Bulk Terminals LLC in the port of Portland, Ore., and Thunder Bay
Terminals in the port of Thunder Bay, Ont.