DP World handles 8.1 million TEU in Q2 for Europe, Middle East, Africa
DP World handled 19.7 million twenty-foot equivalent units across its global portfolio of container terminals in the second quarter of 2021.
July 28, 2021: DP World handled 19.7 million twenty-foot equivalent units (TEUs) across its global portfolio of container terminals in the second quarter of 2021, with gross container volumes increasing by 17.6 percent year-on-year on a reported basis and 17.1 percent on a like-for-like basis. Meanwhile, the company recorded 8.1 million TEU for Europe, Middle East and Africa.
Growth in 2Q21 accelerated with all regions delivering a strong performance, especially our terminals in India, Europe, Australia and Americas. Jebel Ali (UAE) handled 3.4 million TEU in 2Q2021, up 4.2 percent year-on-year. On a H1 2021 gross basis, DP World handled 38.6 million TEU, with gross container volumes increasing by 13.9 percent year-on-year on a reported basis and 13.3 percent on a like-for-like basis.
At a consolidated level, the terminals handled 11.4 million TEU in Q2 2021, increasing 18.2 percent on a reported basis and up 17.3 percent on a like for like basis.
Group chairman and chief executive officer Sultan Ahmed Bin Sulayem, commented, “We are delighted to report another strong volume performance with Q2 2021 growth accelerating to 17.1 percent year-on-year, and up 7.3 percent compared to Q2 2019, which highlights the strength of the underlying market. Growth continued to be broad based with all our regions delivering a robust performance, with India being exceptionally strong. Encouragingly, the recent volume improvement at our flagship port of Jebal Ali (UAE) continued into Q2 2021 with throughput growth accelerating to 4.2 percent year-on-year. Overall, we continue to make good progress on our strategy to deliver supply chain solutions to beneficial cargo owners and are focused on growing profitability while managing growth capex. The strong start to 2021 leaves us well placed to deliver an improved full year performance and we remain focused on delivering our 2022 targets.”