DP World's global container throughput increased by a record 10.2% in Q1 2021

Jebel Ali is the leading and strategic port of DP World (Image: JOC)

DP World (Dubai-based) said total container throughput in its global portfolio of ports grew 10.2% in the first quarter of this year compared to the same period in 2020.

DP World operated 18.9 million TEUs in the first quarter of this year, described in a statement as "a strong new year start", especially at ports in India and Australia.

DP World terminal at Jebel Ali operated 3.5 million TEUs in the first three months of the year, up 2.6% from the same period last year.

“We are delighted with the strong start to 2021 with our portfolio delivering 10.2% volume growth in 1Q 2021, 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”, said President and CEO Sultan Ahmed Bin Sulayem.

“Overall, a strong start to the year keeps us well-positioned to deliver improved results in 2021 and despite a more pleasant commercial environment, we are still focused on saving money. fees to increase profits, manage capital growth and continue to implement supply chain solution strategies for shippers.

He said the business "performed better than expected" in 2020, despite reporting profits down 27% from the year before.

DP World (abbreviated by Dubai Ports World) is a United Arab Emirates multinational logistics company headquartered in Dubai, United Arab Emirates. DP World specializes in cargo logistics, port operations, maritime services and free trade zones.

Source: Phaata (Adapted from Seatrade Maritime)