Gross container volumes rose by 2%
DP World handled 59.6m teu across its global portfolio of container terminals in the nine months of the year, with gross container volumes increasing by 2% year-on-year on a reported basis and up 2.5% on a like-for-like basis.
In 2Q2022, DP World handled 20.1m teu – up 1.5% year-on-year and up 2.1% on a like-for-like basis – with growth mainly driven by Asia Pacific, Middle East & Africa, Americas, and Australia.
Sultan Ahmed Bin Sulayem, group chairman and CEO of DP World, said: “We report another robust set of throughput figures with nine-month volume growth of 2.5%, which is once again ahead of industry growth of 1.1%.
“As expected, growth rates have decelerated due to the more challenging market conditions, but global trade continues to remain resilient, and our portfolio is expected to continue to outperform the market.”
A strong performance was recorded DP World’s facilities in Qingdao in China, ATI in the Philippines, LCIT in Thailand, Jeddah in Saudi Arabia, Vancouver in Canada, Posorja in Ecuador, Santos in Brazil and Australia.
DP World’s flagship Jebel Ali in the UAE handled 3.5m teu in the third quarter, up 2% year-on-year.
At a consolidated level, DP World’s terminals handled 34.6m teu, up 1.9% year-on-year, and up 1.4% on a like-for-like basis in the first nine months of 2022.
Bin Sulayem added: “Looking ahead, the near-term outlook remains uncertain given the geopolitical environment, inflationary pressures and currency fluctuations but we remain positive on the medium to long term outlook for global trade.
“Overall, given the solid nine-month volume performance, we expect to deliver an improved set of full results.”
