Dubai’s DP World reports 10% volume growth in Q1 2021

Dubai’s DP World reports 10% volume growth in Q1 2021

Dubai-headquartered global port operator DP World Limited handled 18.9 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the first quarter of 2021, with gross container volumes increasing by 10.2 per cent year-on-year on a reported basis and up 9.6 percent on a like-for-like basis.

The first quarter saw growth in all three regions, especially its terminals in India and Australia. DP World said that the stabilization in Jebel Ali continue with the terminal handling 3.5 million TEU in Q1 2021, up 2.6 per cent year-on-year.

At a consolidated level, its terminals handled 11.2 million TEU during the first quarter of 2021, increasing 8.2 per cent on a reported basis and up 7 per cent year-on-year on a like-for-like basis, reported news agency WAM.

Group chairman and CEO Sultan Ahmed Bin Sulayem, said: “We are delighted with the strong start to 2021 with our portfolio delivering 10.2 per cent volume growth in Q1 21, which is once-again ahead of industry estimated growth of 8.9 per cent. This performance is ahead of expectations and illustrates the resilience of the global container industry, and DP World's continued ability to outperform the market.”

“Trade volume growth has accelerated and our strategy of providing