DP World and Canpotex Announce Long-Term Agreement

January 09, 2024 at 09:00 AM EST

Strategic partnership enhances global potash supply chain, highlights DP World’s efficient and sustainable cargo handling at Port of Saint John.

DP World, a global logistics and trade solutions leader, is pleased to announce a five-year management contract with Canpotex for operations at their terminal in Saint John, New Brunswick.

Canpotex, based in Saskatoon, Saskatchewan, is one of the world’s largest suppliers of potash overseas. To reliably deliver high-quality Canadian potash to customers in 40 countries, Canpotex operates a highly integrated and sophisticated supply chain, including three marine terminals in North America, a fleet of over 8,000 railcars, and chartering its own vessel voyages.

Douglas Smith, CEO of DP World (Canada) Inc., said: “This long-term agreement reinforces our commitment to shaping the future of logistics and trade to benefit our clients and communities. We are thrilled to be partnering with an industry leader such as Canpotex.”

Gordon McKenzie, Canpotex President and Chief Executive Officer, said: “The Port of Saint John is an integral part of Canpotex’s supply chain. 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 safe and efficient 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 new 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. The existing Saint John team will provide expertise and oversight to ensure the safe, reliable, and environmentally sound handling of Canpotex potash, leveraging the team’s global experience and network.

About DP World

We are a leading provider of worldwide smart end-to-end supply chain logistics, enabling the flow of trade across the globe. Our comprehensive range of products and services covers every link of the integrated supply chain – from maritime and inland terminals to marine services and industrial parks as well as technology-driven customer solutions.

We deliver these services through an interconnected global network of more than 300 business units in over 75 countries across six continents, with a significant presence both in high-growth and mature markets. Wherever we operate, we integrate sustainability and responsible corporate citizenship into our activities, striving for a positive contribution to the economies and communities where we live and work.

Our dedicated, diverse and professional team of more than 101,000 people from 162 nationalities are committed to delivering unrivalled value to our customers and partners. We do this by focusing on mutually beneficial relationships – with governments, shippers, traders, and other stakeholders along the global supply chain – relationships built on a foundation of mutual trust and enduring partnership.

We think ahead, anticipate change and deploy industry-leading digital technology to further broaden our vision to disrupt world trade and create the smartest, most efficient and innovative solutions, while ensuring a positive and sustainable impact on economies, societies and our planet.

Follow DP World on:

Twitter: https://twitter.com/DP_World

LinkedIn: https://www.linkedin.com/company/dp-world