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DP World reports strong volume growth of 17.1% in 2Q 2021

DP World Limited handled 19.7 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the second quarter of 2021, with gross container volumes increasing by 17.6% year-on-year on a reported basis and 17.1% on a like-for-like basis?

Growth in 2Q21 accelerated with all regions delivering a strong performance, especially our terminals in India, Europe, Australia and Americas. Jebel Ali (UAE) handled 3.4 million TEU in 2Q2021, up 4.2% year-on-year. On a 1H2021 gross basis, DP World handled 38.6 million TEU, with gross container volumes increasing by 13.9% year-on-year on a reported basis and 13.3% on a like-for-like basis.

At a consolidated level, our terminals handled 11.4 million TEU in 2Q2021, increasing 18.2% on a reported basis and up 17.3% on a like for like basis. 

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

We are delighted to report another strong volume performance with 2Q2021 growth accelerating to 17.1% year-on-year, and up 7.3%3 compared to 2Q2019, 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 Jebal Ali (UAE) continued into 2Q2021 with throughput growth accelerating to 4.2% year-on-year.

To read more about it in GCC Ports : click here