Q1-2021 growth exceeds 10% YoY
DP World Limited handled 18.9 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the first quarter of 2021, with gross container volumes increasing by 10.2% year-on-year on a reported basis and up 9.6% on a like-for-like basis.
The first quarter witnessed a strong start to the year and all three regions delivered growth, especially our terminals in India and Australia. Encouragingly, the stabilization in Jebel Ali (UAE) continues with the terminal handling 3.5 million TEU in Q1-2021, up 2.6% year-on-year, the ports operator revealed in a press communiqué.
At a consolidated level, DP World terminals handled 11.2mn TEU during the first quarter of 2021, increasing 8.2% on a reported basis and up 7.0% year-on-year on a like-for-like basis.
“Trade volume growth has accelerated and our strategy of providing integrated supply chain solutions to beneficial cargo owners has allowed us to benefit from this recovery,” remarked Sultan Ahmed Bin Sulayem CEO and Group Chairman, DP World.
“Looking ahead, while the near-term trading environment is positive, we remain mindful that the economic recovery can be disrupted by the pandemic, geopolitical uncertainty in some parts of the world and on-going trade war,” he added.
