Peru's Port of Callao has become the first terminal on South America's west coast to handle more than two million TEU in a single year, reports London's Port Technology International.

The milestone marks a 22 per cent rise from 2023, underscoring the impact of the Bicentennial Pier expansion by DP World.

Apoyo Consultoria estimated the South Pier terminal contributed more than US$316 million to Peru's GDP and generated $23.6 billion in economic activity in 2024. The achievement was celebrated at an event attended by senior officials and industry leaders, who stressed the importance of private investment in logistics.

The Bicentennial Pier, a $400 million project, boosted capacity by 80 per cent, enabling the port to serve larger vessels and reduce congestion. The upgrade has positioned Callao to meet rising trade demand while improving service reliability for shippers.

Carlos Merino, CEO of DP World in Colombia, Ecuador and Peru, noted that a decade ago two million TEU equaled the combined throughput of all Peruvian ports. He said the single-terminal achievement reflects how strategic investment in modern port infrastructure can transform national trade capacity and strengthen global supply chain links.