UAE - Mubasher: DP World Limited has handled 58.4 million twenty-foot equivalent units (TEU) across its global portfolio of container terminals during the first nine months of 2021.

DP World recorded an 11.9% year-on-year (YoY) increase on a reported basis in the gross container volumes during the January-September period of 2021 and 11.4% on a like-for-like basis, according to a press release on Tuesday.

During the third quarter (Q3) of 2021, the global supply chain solution provider handled 19.8 million TEU, up 8.1% YoY and up 7.9% on a like-for-like basis.

In Q3-21, higher gross volumes were mainly attributed to Asia Pacific, India, Middle East & Africa, and Australia with a strong performance from Qingdao in China), Mumbai in India, and Sokhna in Egypt. 

The Group Chairman and CEO, Sultan Ahmed bin Sulayem, said: "Encouragingly, all our regions continue to deliver volume growth with India being a key driver, and we continue to make solid progress on our strategy to deliver supply chain solutions to beneficial cargo owners.

Sulayem added: "The near-term outlook remains positive, but we do expect growth rates to moderate in the final quarter. Furthermore, we remain mindful that the Covid-19 pandemic, continued supply chain disruptions, and geopolitical uncertainty could continue to hinder global economic recovery."