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Over the first nine months of 2021, DP World handled 58.4 million TEU across its global portfolio of container terminals, with gross container volumes increasing by 11.9% year-on-year on a reported basis, and up 11.4% on a like-for-like basis. In the third quarter of the year, the group handled 19.8 million TEU, up 8.1% year-on-year and 7.9% on a like-for-like basis, with DP World highlighting especially strong performances in Qingdao, Mumbai and Sokhna in this period. At its UAE hub in Jebel Ali throughput reached 3.4 million TEU in third quarter, up 0.6% year-on-year.
Group Chairman and Chief Executive Officer, Sultan Ahmed Bin Sulayem, commented: “We are delighted to report another strong quarter for DP World with throughput growth which is once again ahead of industry growth. This performance illustrates DP World’s continued ability to outperform the market. Encouragingly, all our regions continue to deliver volume growth with India being a key driver.”
While DP World says the near-term outlook remains positive, it expects growth rates to moderate in the final quarter, while the Covid-19 pandemic, continued supply chain disruptions, and geopolitical uncertainty could continue to hinder global economic recovery.
Sulayem adds, “Overall, we are pleased with the year-to-date performance and remain focused on growing profitability while managing the growth of capital expenditure. The strong nine month volumes leave us well placed to deliver an improved set of full year results and we remain focused on delivering our 2022 targets.”
In addition, DP World has recently introduced a new digital logistics platform, Cargoes Logistics, which enables customers to choose from multimodal logistics options – sea, road and/or rail – get instant quotes, swift booking confirmation and various secure payment options. The first phase will offer customers access to book cargo from UAE to India as well as India to destinations across the Middle East, Subcontinent, Southeast Asia, the Far East and North Africa.
Cargoes Logistics aims to address complexities and inefficiencies that exist in global supply chains, including multiple handovers, inefficient tracking and limited visibility of a shipment across the supply chain. The new digital platform will, DP World states, “enhance transparency by providing tracking of cargo with real time insights, end to end visibility and predictability, an all-inclusive price with no hidden charges and highly efficient end to end digital experience backed by DP World’s extensive network of integrated logistics assets and best-in-class service levels.:
