Logistics giant DP World recorded 3.5% growth and handled 20.2M TEU across its global portfolio of container terminals in Q2 2022, with gross container volumes increasing by 2.9% year-on-year on a reported basis and 3.5% on a like-for-like basis
The terminal operator said volume growth in Q2 2022 was driven by terminals in Asia Pacific, the Americas and Australia. The flagship port of Jebel Ali in the UAE handled 3.6M TEU in Q2 2022, up 3.5% year-on-year. On a H1 2022 gross basis, DP World said it handled 39.5M TEU, 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 company said its terminals handled 11.6M TEU in Q2 2022, up 1.8% both on a reported and on a like-for-like basis. On a H1 2022 consolidated level, the company 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.
Most of the world’s large container terminals have rebounded from pandemic-related disruptions.
In DP World’s case, one of its major strategies is to focus on technology and data-driven logistics – something it has accelerated since the pandemic. The Zodiac terminal operating system in Jebel Ali Port’s Container Terminal 3 is a fully automated system and includes advanced methods for remotely controlling port facilities.
Commenting on the first half of 2022, Group chairman and chief executive Sultan Ahmed Bin Sulayem said, “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.”
“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.”
