Dubai, UAE— DP World Limited handled 59.6 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the first nine months of 2022, with gross container volumes increasing by 2 percent year-on-year on a reported basis and up 2.5 percent on a like-for-like basis.
On a third-quarter basis, DP World handled 20.1 million TEU, up 1.5 percent year-on-year and up 2.1 percent on a like-for-like basis.
The third-quarter gross volume growth was mainly driven by Asia Pacific, Middle East & Africa, Americas, and Australia with a strong performance from Qingdao (China), ATI (Philippines), LCIT (Thailand), Jeddah (Saudi Arabia), Vancouver (Canada), Posorja (Ecuador), Santos (Brazil), and Australia.
Jebel Ali (UAE) handled 3.5 million TEU in Q3, up 2 percent year-on-year.
Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, commented, “As expected, growth rates have decelerated due to the more challenging market conditions, but global trade continues to remain resilient, and our portfolio is expected to continue to outperform the market.”