DP World Limited continues to report remarkable numbers, driven by increased sales at its Asia Pacific, Americas, and Australia terminals and the home of Jebel Ali in the United Arab Emirates.
Chairman Sultan Ahmed bin Sulayem remains positive in the second half of the year despite uncertain economic conditions.
The Dubai-based port operator and logistic company, which has 295 business units in 78 countries across six continents, handled 20.2 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the second quarter of 2022. Gross container volumes increased by 2.9 percent year-on-year on a reported basis and 3.5 percent on a like-for-like basis.
Jebel Ali handled 3.6 million TEU in the second quarter, up 3.5 percent year-on-year. On a first half gross basis for 2022, DP World handled 39.5 million TEU, with gross container volumes increasing by 2.3 percent year-on-year on a reported basis and 2.7 percent on a like-for-like basis.
At a consolidated level, DP World terminals handled 11.6 million TEU in Q2, up 1.8 percent both on a reported and on a like-for-like basis. On an H1 consolidated level, it reported 22.9 million TEU, with container volumes increasing by 1.6 percent year-on-year on a reported basis and 1.4 percent on a like-for-like basis.
Sultan Ahmed Bin Sulayem, Group Chairman and Chief Executive Officer of DP World, said: “We report another solid set of throughput figures with second quarter volume growth of 3.5 percent, which is once again ahead of industry growth of 2.6 percent.
“This robust performance illustrates the resilience of the global container industry, and DP World’s continued ability to outperform the market.
“Growth was driven by a strong performance across our Asia Pacific, Americas and Australia terminals. Our flagship port of Jebel Ali also delivered an improved performance with throughput growth of 3.5 percent year-on-year.”
Bin Sulayem said the company’s solid performance so far this year will help it tide any uncertainty in the near future because of current economic conditions.
“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,” Bin Sulayem added.
DP World is a leading provider of global and intelligent end-to-end supply chain logistics, enabling trade flows around the world. The company’s range of products and services covers all parts of its integrated supply chain, from offshore and inland terminals to marine services and industrial zones to technology-driven customer solutions.