DP World moves almost 80 million TEU in 2022

DP World comes close to 80 million TEU in 2022

DP World has handled 79 million TEU across its global portfolio of container terminals for 2022.

The figure stands for a percentage increase of 1.4 year-over-year (YoY) and 2.8 on a like-for-like basis.

In Q42022, DP World handled 19.5 million TEU, a 2.4 per cent surge on a like-for-like basis.

The company said last year’s gross volume growth was extended to all regions (Asia Pacific, Middle East & Africa, Australia, and Americas).

At an asset level, ports such as Jebel Ali (UAE), Jeddah (Saudi Arabia), Angola, London Gateway (UK), Constanta (Romania), Caucedo (Dominican Republic), and others performed well.

Jebel Ali handled 14 million TEU in 2022, a 1.7 per cent increase over the same period in 2021.

READ: DP World, Maersk to green up Jebel Ali Port

At a consolidated level, the company’s terminals handled 46.1 million TEU during 2022, up 1.5 per cent on a reported basis and up 0.7 per cent YoY on a like-for-like basis.

Group Chairman and CEO, Sultan Ahmed Bin Sulayem, said the company’s growth was mainly driven by the Asia Pacific, Americas, and Australia regions, and that growth rates moderated in the last quarter of 2022 due to the challenging economic environment.

Looking ahead to 2023, the company expects its portfolio to continue to grow, but the outlook remains uncertain due to rising inflation, higher interest rates, and geopolitical uncertainty.

“Overall, we are pleased with the business performance in 2022 and remain focused on growing profitability while managing growth capex,” he added.

“The solid volume performance leaves us well placed to deliver an improved set of full year results.”

Most recently, DP World won a major concession to develop, operate, and maintain the mega-container terminal at India’s Deendayal port in Gujarat

The contract was awarded by the Deendayal Port Authority on a Build-Operate-Transfer (BOT) basis.

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