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DP World records 17% higher gross container volumes in Q2-21

DP World records 17% higher gross container volumes in Q2-21
Jebel Ali handled 3.4 million TEU in Q2-21

UAE - Mubasher: DP World Limited handled 19.7 million TEU (twenty-foot equivalent units) across its global portfolio during the second quarter (Q2) of 2021, up 17.6% year-on-year (YoY) on a reported basis and 17.1% on a like-for-like basis.

The logistics company has recorded a strong performance, namely across its terminals in India, Europe, Australia, and the Americas, according to a press release on Wednesday.

Jebel Ali handled 3.4 million TEU in Q2-21, 4.2% higher on an annual basis. 

DP World handled 38.6 million TEU during the first half (H1) of 2021, with gross container volumes rising by 13.9% on a reported basis and 13.3% on a like-for-like basis.

The Group Chairman and CEO, Sultan Ahmed bin Sulayem, said: "Looking ahead, the near-term outlook remains positive, but we do expect growth rates to moderate in the second half of 2021. Furthermore, we remain mindful that the Covid-19 pandemic and geopolitical uncertainty could once-again disrupt the global economic recovery."

Meanwhile, Sulayem added: "Overall, we continue to make good progress on our strategy to deliver supply chain solutions to beneficial cargo owners and are focused on growing profitability while managing growth capex."