DP World has handled 58.4 million TEU across its container terminals globally during the first nine months of the year, representing an increase of almost 12% in comparison to the January – September period of the previous year.
Additionally, during the third quarter, the Dubai-based port and terminal operator completed 19.8 million TEU in total, reflecting a rise of more than 8% compared to the same period of 2020.
The volume growth during this period was mainly driven by Asia Pacific, India, the Middle East, Africa and Australia with a strong performance from Qingdao, Mumbai and Sokhna. DP World’s flagship, Port of Jebel Ali in the United Arab Emirates alone handled 3.4 million TEU in the third quarter.
At a consolidated level, DP World’s terminals handled 11.4 million TEU during Q3, increasing 7.6% on a reported basis and 7.2% year-on-year on a like-for-like basis, according to the company’s announcement.
Group Chairman and CEO, Sultan Ahmed Bin Sulayem, commented, “This strong performance illustrates the resilience of the global container industry, and DP World’s continued ability to outperform the market.”
However, he pointed out that the global port operator remains mindful that the Covid-19 pandemic, continued supply chain disruptions and geopolitical uncertainty could continue to hinder global economic recovery.
“The near-term outlook remains positive, but we do expect growth rates to moderate in the final quarter,” he said.
