Dubai: Dubai Government owned DP World dealt with 19.7 million TEU (twenty-foot equal items) at its container terminals in Dubai and elsewhere in the second quarter of 2021, with container volumes growing by 17.6 per cent year-on-year on a reported foundation. The numbers replicate enhancing commerce actions, and bodes effectively for the Dubai entity in the second-half of the yr.
There had been positive aspects made in India, Europe, Australia and Americas, whereas the Jebel Ali terminal dealt with 3.4 million TEU throughout the quarter, up 4.2 per cent year-on-year. In the primary six months, DP World dealt with 38.6 million TEU, with gross container volumes growing 13.9 per cent year-on-year on a reported foundation.
Group Chairman and CEO Sultan Ahmed Bin Sulayem stated: “We are delighted to report one other robust quantity efficiency with Q2-2021 development accelerating to 17.1 per cent year-on-year, and up 7.3 per cent in comparison with Q2-2019, which highlights the power of the underlying market. Growth continued to be broad primarily based with all our areas delivering a strong efficiency, with India being exceptionally robust. Encouragingly, the current quantity enchancment at our flagship port of Jebal Ali (UAE) continued into Q2-2021 with throughput development accelerating to 4.2 per cent year-on-year.
“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.”
The near-term outlook stays constructive, however we do anticipate development charges to reasonable in the second-half of 2021. We stay aware that COVID-19 pandemic and geopolitical uncertainty might once-again disrupt the worldwide financial restoration
– Sultan Bin Sulayem of DP World