DP World reports 13.9% container volume growth in H1

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DP World handled globally 38.6m teu in the first half of 2021, increasing by 13.9% year-on-year.

Growth in the second quarter of 2021 accelerated with all regions delivering a strong performance, especially terminals in India, Europe, Australia and Americas. Jebel Ali (UAE) handled 3.4m teu in the second quarter of 2021, up 4.2% year-on-year; and 19.7m teu across its global portfolio of containers terminals with gross container volumes increasing by 17.6% year-on-year. 

“We are delighted to report another strong volume performance with 2Q, 2021 growth accelerating to 17.1% year-on-year, and up 7.3% compared to 2Q, 2019, which highlights the strength of the underlying market. Growth continued to be broad based with all our regions delivering a robust performance, with India being exceptionally strong. Encouragingly, the recent volume improvement at our flagship port of Jebel Ali (UAE) continued into 2Q2021 with throughput growth accelerating to 4.2% year-on-year,” said Group Chairman and Chief Executive Sultan Ahmed Bin Sulayem.

“Looking ahead, the near-term outlook remains positive, but we do expect growth rates to moderate in the second half of 2021. Furthermore, we remain mindful that the Covid-19 pandemic and geopolitical uncertainty could once-again disrupt the global economic recovery,” he added.

“Overall, we continue to make good progress on our strategy to deliver supply chain solutions to beneficial cargo owners and are focused on growing profitability while managing growth capex. The strong start to 2021 leaves us well placed to deliver an improved full year performance and we remain focused on delivering our 2022 targets.”     

 

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