DP World posts 1.7% increase in first-quarter shipping volumes – The National

DP World posts 1.7% increase in first-quarter shipping volumes – The National

DP World, one of the world's largest port operators, posted a 1.7 per cent increase in gross container shipping volumes in the first quarter of 2022, driven by higher volumes in the Asia Pacific, Middle East, Europe and Africa and Americas regions, as trade picked up.

The Dubai-based ports company handled 19.3 million twenty-foot equivalent units, or TEUs, across its global portfolio of container terminals in three months to the end of March, it said in a statement on Thursday.

“As anticipated, first-quarter 2022 volume growth has softened due to the strong prior-year performance and uncertain macro environment,” Sultan bin Sulayem, DP World's chairman and chief executive, said. “However, we continue to see robust growth in markets such as Asia Pacific and the Americas, while in Europe, London Gateway’s strong performance has continued into 2022.”