Alphaliner: DP World volumes up 2.1% in Q3 2022

Foto: DP World

Global port group DP World reported a 2.1% rise in gross container volumes during the third quarter of 2022 compared to the same period in 2021 after the group said world trade remained “resilient” in the period. , assures Alphaliner.

The Dubai-based port operator handled 20.1 Mteu in its global terminal portfolio in the three-month period to the end of September with volume increases in all regions except its Europe/Middle East/Africa division.

It raises the gross total for the nine-month period to 59.6 Mteu for DP World, 2.0% more year-on-year and 2.5% in comparable terms, discounting the growth in Luanda (Angola) and Alsace (France). ) and divestment in Visakha (India). Flagship port Jebel Ali was up 2.0% year-on-year in the nine-month run.

DP confirmed, however, that growth rates had slowed due to difficult market conditions. On a quarterly basis, total gross return fell slightly 1.6% compared to the second quarter. Europe/Middle East/Africa again saw the biggest drop, while Asia/Indian subcontinent gross volumes were flat and Americas/Australia throughput increased compared to the second quarter.

Regardless, the group said it expected full-year results to be higher than 2021, though it remained optimistic in the medium to long term.

Source: Alphaliner

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