Dubai’s DP World records near 10% growth in 2021 container volumes on global trade flow gains

Dubai’s DP World records near 10% growth in 2021 container volumes on global trade flow gains

Dubai: The Dubai-owned port operator DP World Ltd handled an impressive 77.9 million TEU at its network of container terminals in 2021, with gross container volumes up 9.4 per cent year-on-year. The Jebel Ali port handled 13.7 million TEUs during the year, up 1.9 per cent on 2020 volumes. Among its global port holdings, Qingdao in China and the Indian ports of Mumbai, Mundra and Chennai provided the strongest boost. There were also improved volumes from Sokhna in Egypt, the London Gateway, and Caucedo in the Dominican Republic. "We are delighted to report another strong volume performance with growth of 9.4 per cent for the year, which is once again ahead of industry growth of 6.5 per cent," said Sultan Bin Sulayem, Group Chairman and CEO. "This outperformance is due to our continued investment in high quality assets in the right locations and the delivery of our strategy to offer integrated supply chain solutions to beneficial cargo owners. "All our regions delivered volume growth with India being a key driver and, encouragingly, Jebel Ali delivered a steady performance." The year could have closed even higher were it not for the Omicron burst during the fourth quarter, which cut off movements