DP World reports 7.6% gross volume growth in Q4 2020

DP World reports 7.6% gross volume growth in Q4 2020

DUBAI / WAM

DP World Limited has announced that it handled 19.1 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in Q4 2020, with gross container volumes increasing by 7.6 percent year-on-year on a reported basis and up 6.5% on a like-for-like basis. On a Fiscal Year (FY) 2020 basis, DP World handled 71.2 million TEU, flat year-on-year and up 0.2 percent on a like-for-like basis, the company said in a statement on Monday. Q4 2020 like-for-like gross volume growth was mainly driven by India, Europe, Middle East & Africa and Americas with a strong performance from Mundra (India) London Gateway (UK), Rotterdam (Netherlands), Antwerp Gateway (Belgium) and Sokhna (Egypt). In Americas, growth was driven by DP World Santos (Brazil) and Vancouver (Canada). Jebel Ali (UAE) handled 3.4 million TEU in Q4 2020, up 0.3 percent year-on-year. At a consolidated level, DP World terminals handled 11.2 million TEU during Q4 2020, increasing 10.1 percent on a reported basis and up 5.2 percent on a like-for-like basis. On a FY2020 consolidated basis, DP World handled 41.7 million TEU, up 4.6 percent on a reported basis and down 1.8 percent on a like-for-like basis. The reported FY 2020 growth