DP World handled 17.7 million teu of container traffic across its global portfolio of terminals in the third quarter of 2019. This represents a growth of 1.1% on a like-for-like basis compared with equivalent 2018 figures. Over the first 9 months of this year the group has handled a total of 53.5 million teu, 0.9% higher than the first three quarters of 2018.
Its flagship Jebel Ali terminal in Dubai handled 3.6 million teu in the third quarter, which was down by around 1%. The group says however that volumes are stabilising after a decision to shift focus away from low margin cargo flows. The company has, more positively, seen significant growth at its Indian businesses, driven by higher volumes of containers at Cochin, Mundra and NSIGT (Mumbai).
Sultan Ahmed Sulayem, group chairman, said: “The outlook remains uncertain given the regional geopolitics and we remain focused on profitable origin and destination cargo. We are seeing positive signs of progress in our new businesses and that give us encouragement for the future expectations.’’