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Home Blue Economy & Finance Financial Sustainability

DP World goes shopping at the Port of Las Palmas

Raquel Molina Betancor by Raquel Molina Betancor
22 September 2026
in Financial Sustainability, Logistic and Conectivity
Reading Time: 3 mins read
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The map of maritime trade in West Africa is being redrawn from Hamburg and Dubai, with its indirect operational hub taking shape in the mid-Atlantic. The strategic alliance between German shipping line Hapag-Lloyd and Emirati operator DP World to secure long-term terminal capacity on the African continent is accelerating the restructuring of cargo flows in the region. The port operator has been negotiating for months with the holder of a terminal at the Port of Las Palmas. Canarymaritime has learned that the parties are willing to reach an agreement involving a minority stake, but political and technical consultations between Spain and the United Arab Emirates are being held first. “This is not an integration agreement; it is a sale,” a financial-sector source familiar with the negotiations in Dubai, Madrid and Frankfurt told this newspaper on Monday.

Hapag-Lloyd

In a year in which the German company expects to surpass the one-million-TEU threshold in Africa for the first time in 2026, the geographical position and technical reliability of La Luz Port are consolidating their role as the essential support, transshipment and service platform for sustaining that operational network. Hapag-Lloyd is actually more interested in Santa Cruz de Tenerife, but Las Palmas is where there is room to maneuver.

Breathing room

The agreement between Hapag-Lloyd and DP World secures guaranteed capacity for the German shipping line at key African hubs such as Dakar (Senegal), Luanda (Angola), Banana (Democratic Republic of the Congo), Dar es Salaam (Tanzania) and Maputo (Mozambique). This vertical integration, reinforced by the Hanseatic Global Terminals (HGT) division, seeks to shield the supply chain from congestion at sub-Saharan port facilities. Feedering logistics and technical support for vessels serving Africa’s Atlantic coast depend directly on services at the roadstead of Las Palmas, which acts as an operational buffer against bottlenecks along the West African coast.

Hapag-Lloyd Chief Executive Rolf Habben Jansen has underscored the priority represented by this expansion, stating that “Africa is an important growth market for Hapag-Lloyd with significant long-term potential; to achieve this, we need reliable infrastructure, sufficient terminal capacity and a network that can grow with our customers.”

This search for reliability makes La Luz Port a strategic asset: while West African ports develop their infrastructure, Las Palmas serves as a highly efficient hub that absorbs traffic diversions, supplies bunkers, carries out ship repairs and manages the logistical needs of the transiting fleet.

Removing the stevedoring far right from the equation

For now, the figures for labor costs in Las Palmas do not add up, even with re-export incentives. DP World’s deployment is not limited to the African continent but also strengthens its global network through moves such as its recent joining of AmCham Brazil to support $313 million in investments at the Port of Santos and raise its capacity to 1.7 million TEUs in 2026. However, the core of traffic in the eastern Atlantic continues to revolve around the connection between Europe and West Africa. Expansion at emerging terminals such as Banana and improvements to facilities in Dakar will multiply container volumes and the frequency of vessel calls on the region’s routes.

The joint strategy of Hapag-Lloyd and DP World shows that entering West African markets requires a secure and diversified logistics base nearby. In the face of the operational disruptions that are common in sub-Saharan port infrastructure, the industrial capacity and connectivity of La Luz Port offer major operators the flexibility needed to ensure the regularity of their services. The quantitative leap by shipping lines along Africa’s western seaboard reaffirms that the security of these maritime routes inevitably continues to depend on the Canary Islands.

DP World goes shopping at the Port of Las Palmas was first published on canarymaritime.com.

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Tags: Africa OccidentalBoludaDP WorldOPCSAPortadapuerto las palmasPuertos de TenerifeRomeu
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Raquel Molina Betancor

Raquel Molina Betancor

Raquel Molina Betancor is a veteran investigative journalist whose career has been defined by rigor, patience, and in-depth reporting on power structures, corruption, and institutional transparency. She trained in street reporting and court journalism and has collaborated with outlets such as Público, where she produced investigations and analytical pieces grounded in documentation, verified sources, and long-term judicial follow-up. A firm believer in journalism as a craft rather than a spectacle, her work focuses on exposing opaque administrative dynamics and telling uncomfortable stories with facts, context, and a healthy dose of well-aimed grit.

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