SIMIC

The company said it handled 19.7 million TEU across its portfolio of container terminals across the world in the quarter, reported Dubai's Khaleej Times,

"Growth in Q2 2021 accelerated with all regions delivering a strong performance, especially our terminals in India, Europe, Australia and Americas. Jebel Ali handled 3.4 million TEU in Q2 2021, up 4.2 per cent year on year. On a H1 2021 gross basis, DP World handled 38.6 million TEU, with gross container volumes increasing by 13.9 per cent year on year on a reported basis and 13.3 per cent on a like-for-like basis," DP World said in a statement.

At a consolidated level, DP World's terminals handled 11.4 million TEU in Q2 2021, increasing 18.2 per cent on a reported basis and up 17.3 per cent on a like for like basis.

Group chairman and chief executive officer of DP World, Sultan Ahmed bin Sulayem, said growth continued to be broad based with all regions delivering a robust performance, with India being exceptionally strong.

"Encouragingly, the recent volume improvement at our flagship port of Jebel Ali (UAE) continued into Q2 2021 with throughput growth accelerating to 4.2 per cent year on year."

He said the near-term outlook remains positive, but expects growth rates to moderate in the second half of 2021.

"We remain mindful that the Covid-19 pandemic and geopolitical uncertainty could once-again disrupt the global economic recovery. Overall, we continue to make good progress on our strategy to deliver supply chain solutions to beneficial cargo owners and are focused on growing profitability while managing growth capex. The strong start to 2021 leaves us well placed to deliver an improved full year performance and we remain focused on delivering our 2022 targets," he said.