DP World reports 7.6% gross volume growth in Q4 2020

SourceGulf Business

Dubai-headquartered global port operator DP World Limited revealed on Monday that it handled 19.1 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in Q4 2020. As a result, its gross container volumes increased by 7.6 per cent year-on-year on a reported basis and up 6.5 per cent on a like-for-like basis. For the fiscal year (FY) 2020, DP World handled 71.2 million TEU, flat year-on-year and up 0.2 percent on a like-for-like basis. In Q4 2020, the 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 in Dubai meanwhile 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 in the last quarter of 2020, increasing 10.1 per cent on...read more...