DP World records 3% jump in volumes

DP World recorded a 3.1% increase in container volumes between July and end of September.

Sultan Ahmed bin Sulayem, group chairman and CEO of DP World, commented: “The recovery in volumes broad-based with quarter-on-quarter throughput increasing by almost 10 percent as world economies began to ease lockdown restrictions.

“Overall, while we are encouraged by the recent volume trends, the outlook remains uncertain given the possibility of new lockdowns due to Covid-19 second wave, geopolitical uncertainty with US elections. On a nine-month basis, DP World handled 52.2 million TEU, a decline of 2.5 percent.”

Bin Sulayem also noted that India saw a significant volume improvement versus the second quarter, while Jebel Ali delivered 3.4 percent growth against the previous quarter.

“The nine-month solid volume performance leaves us well placed to deliver a relatively stable financial performance in 2020” added Bin Sulayem.

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