SIMIC

On a consolidated level, DP World's terminals handled 11.4 million TEU during the third quarter, a 7.2 per cent year-on-year increase.

"This strong performance illustrates the resilience of the global container industry, and DP World's continued ability to outperform the market," said group chairman and CEO Sultan Ahmed Bin Sulayem.

The Dubai-based ports operator handled 19.8 million TEU in what was stated to be a "strong quarter" with terminals in India leading the growth. DP World's Jebel Ali terminal handled 3.4 million TEU in Q3, up 0.6 per cent year-on-year.

For the first nine months of 2021, gross volumes increased by 11.4 per cent on a like-for-like basis, during which time the company handled 58.4 million TEU.

"The strong nine-month volumes leave us well placed to deliver an improved set of full year results and we remain focused on delivering our 2022 targets," said Mr Bin Sulayem.

"The near-term outlook remains positive, but we do expect growth rates to moderate in the final quarter. Furthermore, we remain mindful that the Covid-19 pandemic, continued supply chain disruptions, and geopolitical uncertainty could continue to hinder global economic recovery," he said.

"Overall, we are pleased with the year-to-date performance and remain focused on growing profitability while managing growth capex."