DP World reports volume growth of 3.5% in Q2

Gross container volumes increased by 2.9% year-on-year on a reported basis and 3.5% on a like-for-like basis.

Volume growth in Q2 2022 was driven by DP World terminals in Asia Pacific, Americas, and Australia. DP World’s homebase of Jebel Ali (UAE) handled 3.6m teus in 2Q, 2022, up 3.5% year-on-year, reversing a 1% decline in volumes in Q1.

DP World handled 39.5m teu during the first half of the year, with gross container volumes increasing by 2.3% year-on-year on a reported basis and 2.7% on a like-for-like basis.

At a consolidated level, the group’s terminals handled 11.6m teu in the second quarter, up 1.8% both on a reported and on a like-for-like basis and for the first half of 2022, at consolidated level, it handled 22.9m teu, with container volumes increasing by 1.6% year-on-year on a reported basis and 1.4% on a like-for-like basis.

"We report another solid set of throughput figures with second quarter volume growth of 3.5%, which is once again ahead of industry growth of 2.6%. This robust performance illustrates the resilience of the global container industry, and DP World’s continued ability to outperform the market,” said Sultan Ahmed Bin Sulayem, Group Chairman and Chief Executive Officer of DP World.

"Growth was driven by a strong performance across our Asia Pacific, Americas and Australia terminals. Our flagship port of Jebel Ali (UAE) also delivered an improved performance with throughput growth of 3.5% year-on-year.

“Looking ahead the near-term outlook is uncertain given the geopolitical environment, inflationary pressures, and continued impact of the pandemic, but we remain positive on the medium to long term outlook for global trade. Overall, given the solid start to the year, we expect to deliver an improved full performance," he added.

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