DP World has handled 79.0 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in full year 2022, with gross container volumes increasing by 1.4% year-on-year on a reported basis and up 2.8% on a like-for-like basis.
In the Q4 of 2022, DP World handled 19.5 million TEU, up 2.4% on a like-for-like basis, DP World wrote in a statement.
According to the DP World, the company’s increase in the gross volume in 2022 gross volume was broad based with Asia Pacific, Middle East & Africa, Australia, and Americas regions all delivering like-for-like growth.
At an asset level, Jebel Ali (UAE), Jeddah (Saudi Arabia), Angola (Angola), Sokhna (Egypt), London Gateway (UK), Constanta (Romania), Caucedo (Dominican Republic), Posorja (Ecuador), DP World Santos (Brazil) and all our ports in Australia (Brisbane, Sydney, Fremantle and Melbourne) delivered a solid performance, the statement noted.
The logistic major’s Jebel Ali port in the UAE handled 14.0 million TEU in 2022, up by 1.7% as compared to 2021.
“At a consolidated level, our terminals handled 46.1 million TEU during 2022, increasing 1.5% on a reported basis and up 0.7% year-on-year on a like-for-like basis,” the company said.
Commenting on the development, group chairman and chief executive officer, Sultan Ahmed Bin Sulayem, said, “We are delighted to report another solid volume performance with like-for-like growth of 2.8% in 2022, which is once again ahead of industry forecast of a marginal decline of just half percentage.”
“This outperformance continues to demonstrate that we are in the right locations and our strategy to offer integrated supply chain solutions to beneficial cargo owners is bearing fruit,” he said.
“Overall, we are pleased with the business performance in 2022 and remain focused on growing profitability while managing growth capex. The solid volume performance leaves us well placed to deliver an improved set of full year results,” Sulayem said.