Friday, 3 December, 2021

DP’s Q3 shipping volumes rise 8.1pc

DUBAI: DP World, one of the world’s largest port operators, posted an 8.1 per cent increase in third-quarter gross container shipping volumes, beating the industry average of 6.4 per cent, with all the regions it operates in reporting growth.

The Dubai-based ports company handled 19.8 million twenty-foot equivalent units, or TEUs, across its global portfolio of container terminals in the third quarter of 2021, up from 18.2 million TEUs in the same quarter a year ago, it said on Tuesday, report agencies.

The growth was mainly driven by the company’s operations in the Middle East, Africa, Australia, the Asia-Pacific region and India, with a “strong performance” reported in Qingdao in China, Mumbai in India and Sokhna in Egypt, it said.

“This strong performance illustrates the resilience of the global container industry and DP World’s continued ability to outperform the market,” said Sultan bin Sulayem, group chairman and chief executive of DP World.