DP World container volume fell 8% in Apr-Jun quarter & 4% in 1H 2020
August 4, 2020: Across the global portfolio of DP World container terminals, container volumes fell by 7.9 percent in the April to June quarter and 3.9 percent in the first half of 2020 against the industry decline of 15 percent and 10 percent.
The port operator handled 33.9 million TEU (twenty-foot equivalent units) in the first half.
August 4, 2020: Across the global portfolio of DP World container terminals, container volumes fell by 7.9 percent in the April to June quarter and 3.9 percent in the first half of 2020 against the industry decline of 15 percent and 10 percent.
The port operator handled 33.9 million TEU (twenty-foot equivalent units) in the first half with gross container volumes decreasing by 5.3 percent year-on-year on a reported basis and down 3.9 percent on a like-for-like basis.
At a consolidated level, the terminals handled 20 million TEU during the first half of 2020, increasing 2.4 percent on a reported basis and down 5.4 percent year-on-year on a like-for-like basis. Reported consolidated volume in the Americas and Australia region was boosted by the consolidation of Australia, Caucedo (Dominican Republic), acquisition of container terminals in Chile and commencement of operations in Posorja (Ecuador).
Jebel Ali (UAE) handled 6.7 million TEU in 1H2020, down 6.8 percent year-on-year, due to Covid-19 and loss of lower-margin cargo.
Sultan Ahmed Bin Sulayem, group chairman and chief executive officer, DP World, said, “Like most industries, the maritime and logistics sector is going through an unprecedented and challenging period due to the Covid-19 pandemic. As a result, our portfolio has seen volumes weaken by 7.9 percent in 2Q 2020 and 3.9 percent in 1H 2020. However, this compares favourably against an estimated industry decline of 15 percent in 2Q 2020 and 10 percent in 1H 2020. This outperformance once again demonstrates that we are in the right locations and a focus on the origin and destination cargo will continue to deliver the right balance between growth and resilience.”
1.83 billion metric tons of cargo flows through ports each year, more than any other international trade hub. Their efficient operation is critical for the success of future world trade. Find out how we're getting ready: https://t.co/l4OfSzYkqG#TradeReimagined
— DP World (@DP_World) July 28, 2020
