Dubai’s Jebel Ali port handled 14 million TEU in 2022, a rise of 1.7 per cent compared with 2021 levels, continuing its steady recovery post-pandemic. DP World, however, highlights a particularly strong growth in import and export, origin and destination container traffic movements, which tend to be higher margin cargo. This category, which is also more resilient and reliable than transhipment traffic, was up by 8.6% over the previous year.
Overall, DP World handled 79 million TEU across its global portfolio in 2022, which equates to like-for-like growth of 2.8% compared to 2021. In addition to Jebel Ali, regional terminals in Jeddah and Sokhna delivered “solid” performances last year.
Group Chairman and Chief Executive Officer, Sultan Ahmed Bin Sulayem, highlights the fact that the group has over last year outperformed the market overall, which is forecast to decline by -0.5%. However he also notes that growth dipped in the final quarter of 2022 due to the more challenging economic environment. Sulayem adds, “Looking ahead to 2023, we expect our portfolio to continue to deliver growth, but the outlook remains somewhat uncertain due to rising inflation, higher interest rates and geopolitical uncertainty. Overall, we are pleased with the business performance in 2022 and remain focused on growing profitability while managing growth. The solid volume performance leaves us well placed to deliver an improved set of full year results.”