DP World handled 58.4m teu across its container terminals during in the January-September period, with container volumes increasing by 11.9% year-on-year on a reported basis and up 11.4% on a like-for-like basis.
Michele Labrut | Oct 27, 2021
During the third quarter 2021, DP World handled 19.8m teu, up 8.1% year-on-year and up 7.9% on a like-for-like basis.
3Q2021 gross volume growth was mainly driven by Asia Pacific, India, Middle East & Africa and Australia with a strong performance from Qingdao (China), Mumbai (India) and Sokhna (Egypt). Jebel Ali (UAE) handled 3.4m teu in 3Q2021, up 0.6% year-on-year.
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At a consolidated level, our terminals handled 11.4m teu during 3Q2021, increasing 7.6% on a reported basis and 7.2% year-on-year on a like-for-like basis.
“We are delighted to report another strong quarter for DP World with throughput growth of 8.1%, which is once again ahead of industry growth of 6.4%. This strong performance illustrates the resilience of the global container industry, and DP World’s continued ability to outperform the market,” said Group Chairman and CEO Sultan Ahmed Bin Sulayem.
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“Encouragingly, all our regions continue to deliver volume growth with India being a key driver, and we continue to make solid progress on our strategy to deliver supply chain solutions to beneficial cargo owners,” he added.
“The near-term outlook remains positive, but we do expect growth rates to moderate in the final quarter. Furthermore, we remain mindful that the Covid-19 pandemic, continued supply chain disruptions, and geopolitical uncertainty could continue to hinder global economic recovery. Overall, we are pleased with the year-to-date performance and remain focused on growing profitability while managing growth capex. The strong nine-month volumes leave us well placed to deliver an improved set of full year results and we remain focused on delivering our 2022 targets,” he said.
Reference: https://www.seatrade-maritime.com/ports-logistics/dp-word-increases-container-volume-119