“DP World” records strong growth in total “handling” – economy – local

DP World Group Limited announced that it handled 19.7 million TEUs, across its global portfolio of container terminals, during the second quarter of 2021.

And it stated in a statement yesterday, that the total quantities of containers witnessed an increase of 17.6% on an announced annual basis, and an increase of 17.1% on the basis of the like-for-like growth rate.

According to the statement, growth accelerated in the second quarter of 2021 with all regions showing strong performance, especially the group’s container terminals in India, Europe, Australia and the Americas.

The group’s results revealed that 3.4 million 20-foot equivalent containers (TEUs) were handled at Jebel Ali Port (UAE) in the second quarter of 2021, representing an increase of 4.2% year on year.

On a total basis for the first half of 2021, DP World handled 38.6 million 20-foot equivalent containers (TEUs), an increase in total volumes of 13.9% year-on-year, and 13.3% on a like-for-like basis.

The group’s operational results showed that DP World’s container terminals, during the second quarter of 2021, handled 11.4 million twenty-foot equivalent containers (TEUs), at the consolidated level, which represents an increase of 18.2% on an announced basis, and an increase of 17.3% on a basis. homeopathic comparison.

Sultan Ahmed Bin Sulayem, Group Chairman and CEO, said: “We are pleased to report another strong performance in volumes, with growth accelerating in the second quarter of 2021 by 17.1% year-on-year, and an increase of 7.3% compared to the second quarter of 2019. It indicates the strength of the underlying market.

He added, “The growth has continued to expand, with all our regions providing strong performance, with exceptional strength in India,” noting that it is encouraging that the recent improvement in the volume of container handling at the main Jebel Ali port, continued into the second quarter of 2021, with Growth in total volume of handling increased to 4.2% year-on-year

DP World explained that looking to the future, the expectations in the near term are still positive, with expectations that growth rates in the second half of 2021 will move towards moderation.

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