Container turnover of DP World terminals in 2021 increased to 78 million TEU
Dubai port operator DP World Limited reported that the total turnover of terminals in its investment portfolio for 2021 amounted to 77.9 million TEU, which is 9.4% more than a year earlier.
Consolidated turnover of the group increased by 8.8% YoY to 45.4 million TEU, comparable consolidated turnover excluding changes in the portfolio structure increased by 8.1%.
Commenting on the results of the year, the head of the group Sultan Ahmed bin Sulayem noted that DP World grew significantly ahead of the market last year: the average market growth rate was 6.5%. For comparison, the total turnover of terminals in the portfolio of Singapore terminal holding PSA increased by 5.6% in 2021, to 91.5 million TEU, the terminal operator of the Cosco group - by 3.7%, to 75.6 million TEU.
DP World terminals grew most dynamically in the Asia-Pacific region and India: their total turnover over the past year amounted to 35 million TEU, which is 12.7% more than in the previous year. Terminals in America and Australia increased volumes by more than 10%, terminals in Europe, the Middle East and Africa - by 5.7%.
In the last quarter of the year, the volume growth of DPW holding slowed down to 2.6% (19.6 million TEU), and in the EMEA region it completely disappeared.