19.7 C
Hamburg
Monday, June 2, 2025
Home Port News DP World exceeds 71 million TEU in 2019

DP World exceeds 71 million TEU in 2019

DP World handled 71.2 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in 2019, with gross container volumes flat year-on-year on a reported basis and up 1% on a like-for-like basis.

Like-for-like gross volumes in Q4 2019 increased 2.1% with growth driven by Asia Pacific and African regions. Jebel Ali handled 14.1 million TEU in 2019 down 5.6% year-on-year due to a decline in low margin cargo.

The company explained that like-for-like volumes do not include freight from Paita (Peru) Doraleh (Djibouti), Puerto Central, Puerto Lirquen (Chile) Porsoja (start of operations from August 2019), concession expiry in Surabaya (Indonesia) and discontinuation of concession of Tianjin.

At a consolidated level, that is all terminals where the group has control, DP World’s terminals handled 39.9 million TEU in 2019, an 8.6% improvement in performance on a reported basis and down 0.5% year-on-year on a like-for-like basis.

Group Chairman and Chief Executive Officer Sultan Ahmed Bin Sulayem commented:

“Last year was a challenging year with the trade war between China and US and regional geopolitics causing uncertainty in the market. Despite this, our portfolio has delivered growth which once again demonstrates the resilience of our business.”

The CEO went on to say that the company focused its energies on delivering its integrated supply chain solutions and this had a positive effect on its existing and new business. The company is now concentrating on integrating its recent acquisitions and managing costs.

 





Latest Posts

Mersin International Port completes first phase of expansion project

Mersin International Port Management Inc. (MIP), a key gateway terminal in Türkiye and a joint venture between PSA International, IFM, and Akfen, officially completed...

GEODIS unveils low-carbon air freight solution

GEODIS introduces GEODIS AirSmart, an innovative low-carbon air freight service designed to minimize greenhouse gas emissions through optimized performance. The official launch takes place today...

Gemini partners on track for 90% schedule reliability target

In April, global schedule reliability improved by 1.7 percentage points M/M to 58.7%, the highest level recorded since November 2023, according to Danish maritime...

America’s Shipbuilding Crisis: A Strategic Vulnerability in an Era of Global Tension

As the United States navigates an increasingly volatile global landscape, its shipbuilding crisis has emerged not just as an industrial shortfall but as a...

How Managed Web Hosting Simplifies WordPress Maintenance and Security

Ever felt like managing your WordPress site is like having an extra full-time job?  From constant plugin updates to worrying about hackers and random errors,...
error: Content is protected !!