DP World has unveiled another robust set of throughput figures, achieving container throughput volume growth of 2.5% over the first nine months of 2022, compared with the same period in 2021.
The group handled 59.6 million TEU on a global basis in the first three quarters of this year. The 20.1 million TEU achieved in the third quarter was up 2.1% on a like-for-like basis. There was a particularly strong performance in the ports of Qingdao, China; ATI, Philippines; LCIT, Thailand; Jeddah, Saudi Arabia; Vancouver, Canada; Posorja, Ecuador; Santos, Brazil; and in Australia. Jebel Ali in the UAE handled 3.5 million TEU in the third quarter of 2022, up 2% year-on-year.
Sultan Ahmed Bin Sulayem, chairman and chief executive of DP World, was upbeat about the figures, despite the fact that growth rates have decelerated in the past three months due to the more challenging market conditions. He commented: “Global trade continues to remain resilient, and our portfolio is expected to continue to outperform the market. Looking ahead, the near-term outlook remains uncertain given the geopolitical environment, inflationary pressures and currency fluctuations but we remain positive on the medium to long term outlook for global trade. Overall, given the solid nine-month volume performance, we expect to deliver an improved set of full year results.”