The DP World portfolio of ports and terminals worldwide achieved a strong growth rate of 10.2% over the first quarter of 2021 compared to the equivalent months of 2020. Overall, the group handled 18.9 million TEU, with terminals in India and Australia contributing especially positively to the increase achieved.
Encouragingly, the stabilisation of container activity at Jebel Ali in Dubai continued, with the terminal handling 3.5 million TEU in the first quarter, up 2.6% year-on-year.
Group Chairman and Chief Executive Officer, Sultan Ahmed Bin Sulayem, commented: “This performance is ahead of expectations and illustrates the resilience of the global container industry and DP World’s continued ability to outperform the market. Looking ahead, while the near-term trading environment is positive, we remain mindful that the economic recovery can be disrupted by the Covid-19 pandemic, geopolitical uncertainty in some parts of the world and on-going trade wars.”
DP World believes the strong start to the year leaves the group well placed to deliver an improved performance in 2021. However, despite the more benign trading environment, it stresses it remains focused on containing costs to ensure it grows profitability.