Dubai-based port operator DP World has announced that it has handled a total of 71.25 million twenty-foot equivalent units (teu) of container volumes across its portfolios of container terminals globally in 2019, an increase of 1 percent when compared to the previous year.
According to DP World, it handled container volumes of around 31.76 million teu for the Asia Pacific and the Indian subcontinent, around 30.04 teu for Europe, Africa, and the Middle East and around 9.45 million for Australia, North America, and Latin America.
The container volume throughput of DP World, however, for 2019 was relatively unchanged from 71.4m teu which was also recorded in 2018.
Gross container volumes for DP World in the fourth quarter of 2019 grew by 2.1 percent year-on-year. This is attributed to the growth in Asia and Africa.
Sultan Ahmed Bin Sulayem, chief executive at DP World told the media, “2019 has been a challenging year with the trade war between China and US and regional geopolitics causing uncertainty in the market. Despite this, our portfolio has delivered growth which once again demonstrates the resilience of our business.”
“In 2019, we have focused on delivering an integrated supply chain solutions product that allows us to connect directly with end customers. We are seeing positive signs of progress in our new businesses that give us encouragement for the future.”
He pointed out that DP World witnessed substantial growth across Asia and Africa driven by Pusan in Korea, Qingdao in China, Manila, and Jeddah. In Europe too, DP World witnessed continued ramp-up in London Gateway and Yarimca in Turkey. Prince Rupert in Canada and Callao in Peru delivered strong growth for DP World as well.
Last month, DP World launched Al Rawdah, a new shipping service between that will operate between the UK and the east coast of India.