Dubai-headquartered DPWorld has reported another healthy set of throughput figures, achieving second quarter volume growth of 3.5%, well above the industry average.
The global container terminal operator group handled 20.2 million TEU across its portfolio over these three months, primarily driven by terminals in Asia Pacific, the Americas and Australia. The flagship Jebel Ali terminal handled 3.6 million TEU in the second quarter, up 3.5% year-on-year, suggesting a recovery in local container activity is being sustained.
Overall, in the first six months of 2022, DP World handled 39.5 million TEU. This is up 2.7% on a like-for-like basis compared with the same period in 2021.
Sultan Ahmed Bin Sulayem, Group Chairman and Chief Executive Officer of DP World, said: “This robust performance illustrates the resilience of the global container industry, and DP World’s continued ability to outperform the market. 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.”