DP World Q1 shipping volumes up 10%

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% year-on-year on a reported basis and up 9.6% on a like-for-like basis.

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The first quarter witnessed a strong start to the year and all three regions delivered growth, especially our terminals in India and Australia. Encouragingly, the stabilization in Jebel Ali (UAE) continues with the terminal handling 3.5 million TEU in 1Q2021, up 2.6% year-on-year.

At a consolidated level, our terminals handled 11.2 million TEU during the first quarter of 2021, increasing 8.2% on a reported basis and up 7.0% year-on-year on a like-for-like basis.

Group Chairman and Chief Executive Officer Sultan Ahmed Bin Sulayem commented:

We are delighted with the strong start to 2021 with our portfolio delivering 10.2% volume growth in 1Q21, which is once-again ahead of industry estimated growth of 8.9%. 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.

Source: DP World