DP World handled 19.1m TEU across its global portfolio of container terminals in Q4 2020. Gross container volumes increased by 7.6% year-on-year. In fiscal 2020 volumes were flat year-on-year, DP World handled 71.2m TEU
In Q4 2020, volume growth was primarily driven by India, Europe, Middle East & Africa and Americas with a strong performance from Mundra (India) London Gateway (UK), Rotterdam (Netherlands), Antwerp Gateway (Belgium) and Sokhna (Egypt). In the Americas, growth was driven by DP World Santos (Brazil) and Vancouver (Canada). Jebel Ali (UAE) handled 3.4 million TEU in 4Q2020, up 0.3% year-on-year.
At a consolidated level, DP World’s terminals handled 11.2m TEU during Q4 2020, increasing 10.1% year-on-year. On a fiscal 2020 consolidated basis, DP World handled 41.7m TEU, up 4.6% year-on-year. The reported fiscal 2020 growth of 33.3% in the Americas and Australia region is mainly due to the consolidation of Caucedo (Dominican Republic) and acquisition of Fraser Surrey Docks (Canada).
Group Chairman and Chief Executive Officer Sultan Ahmed Bin Sulayem commented: “The growth in volumes was encouraging across all our regions with India being a key driver, while our flagship port of Jebel Ali (UAE) saw volumes stabilising. We continue to invest selectively in projects that offer compelling value such as Dakar (Senegal) and Luanda (Angola). Our strategy to provide solutions to cargo owners has served us well, and our aim is to continue to build on this momentum.”
Source: DP World
