DP World Limited handled 19.5 million TEU across its global portfolio of container terminals in the first quarter of 2023, with gross container volumes increasing by 1.4% year-on-year on a reported basis and 3.7% on a like-for-like basis.
The growth was driven by strong growth in Asia Pacific and India, which was partially offset by weaker performances in Europe and the Americas. Within the UAE Jebel Ali handled 3.5 million TEU in the first quarter of 2023, up 2.3% year-on-year, which is described as a ‘robust’ performance.
Sultan Ahmed Bin Sulayem, Group Chairman and Chief Executive Officer of DP World, commented: “Our portfolio has had an encouraging start to the year with container volume growth that is once again ahead of the market, which is estimated to be down by 6.3%. This outperformance continues to demonstrate that we are in the right locations, and our strategy to offer integrated supply chain solutions to beneficial cargo owners is driving value for our stakeholders.