Flat growth in FY-2020
DP World Limited handled 19.1mn TEU (twenty-foot equivalent units) across its global portfolio of container terminals in Q4-2020, with gross container volumes increasing by 7.6% year-on-year on a reported basis and up 6.5% on a like-for-like basis.
On a FY-2020 basis, DP World handled 71.2mn TEU, flat year-on-year and up 0.2% on a like-for-like basis.
Q4-2020 like-for-like gross volume growth was mainly driven by India, Europe, Middle East, Africa and Americas with a strong performance from Mundra (India) London Gateway (UK), Rotterdam (Netherlands), Antwerp Gateway (Belgium) and Sokhna (Egypt).
In the Americas, growth was driven by DP World Santos (Brazil) and Vancouver (Canada). Jebel Ali (UAE) handled 3.4mn TEU in Q4-2020, up 0.3% year-on-year.
Increase in TEU handled
At a consolidated level, DP World terminals handled 11.2mn TEU during Q4-2020, increasing 10.1% on a reported basis and up 5.2% on a like-for-like basis. On a FY-2020 consolidated basis, DP World handled 41.7mn TEU, up 4.6% on a reported basis and down 1.8% on a like-for-like basis.
“The strong end to the year resulted in flat growth in 2020 which compares favourably against an industry that is estimated to be down 2.1%. Overall, this once again illustrates the resilience of the global container industry, and DP World’s continued ability to outperform the market,” commented Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World.
