Middle East & Africa and Americas have driven DP World’s gross container
volumes in the fourth quarter of last year with the global operator handling
19.1 million TEU, which is a 7.6% year-on-year increase.
World’s chairman and CEO Sultan Ahmed Bin Sulayem believes that despite the
encouraging start to 2021, the outlook of the current year remains uncertain
given the continued Covid-19 pandemic issues, geopolitical uncertainty in some
parts of the world and the ongoing trade war, between China and the US.
In particular, DP
World reported strong performances in Mundra, London Gateway, Rotterdam,
Antwerp Gateway, Sokhna, Santos and Vancouver, while the company’s flagship
port of Jebel Ali moved 3.4 million TEU in the last quarter of 2020.In
addition, the UAE-based firm has announced that on a full year 2020 basis, it
has handled 71.2 million TEU, year-on-year.
We are delighted to report another set of positive volume figures for
Q4 2020 says Sultan Ahmed Bin Sulayem
“We are delighted
to report another set of positive volume figures for Q4 2020. This strong end to
the year resulted in flat growth in 2020 which compares favourably against an
industry that is estimated to be down 2.1%,” commented Sultan Ahmed Bin
once again illustrates the resilience of the global container industry, and DP World’s
continued ability to outperform the market,” he went on to note, “We remain
focused on containing costs to protect profitability, managing growth capex to
preserve cashflow and are confident of meeting our 2022 targets.”
The company will continue to invest selectively in projects says DP
DP World’s boss added that
the company will continue to invest selectively in projects that offer 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,” he said in the announcement.