Dubai Ports increased handling by 7.6% in the fourth quarter

DP World Limited handled 19.1 million 20-foot TEUs across its global portfolio of container terminals during the last quarter of 2020, increasing the total container volumes by 7.6 % On an annual basis, at 6.5% on a like-for-like basis.

and based on fiscal year 2020, the company handled 71.2 million 20-foot TEUs at a constant rate on an annual basis, with an increase of 0.2% on a like-for-like basis.

According to Arabiya Net, this increase in container volumes came during the last quarter of 2020 thanks to increased activity in India, Europe, the Middle East, Africa and the Americas, especially the strong performance in The ports of Mundra, India, London Gateway, United Kingdom, Rotterdam, Netherlands, Antwerp, Gateway, Belgium, and Sokhna, Egypt, quoted from the Emirates News Agency, WAM, today, Monday.

and in the Americas, growth has been achieved, led by DP World Santos Brazil and Vancouver Canada by DP World.

and in the port of Jebel Ali in the United Arab Emirates, 3.4 million 20 ft. TEUs were handled in the fourth quarter of 2020, an increase of 0.3% year-on-year.

On a standardized level, TOT is the total handling volume from all container terminals over which the group has control in accordance with IFRS 11.2 container terminals have handled One million TEUs measuring 20 feet during the fourth quarter of 2020, which is an increase of 10.1% on an advertised basis and a rise of 5.2% on a basis of like-for-like growth.

and on a consolidated basis for fiscal year 2020, DP World handled 41.7 million 20-foot TEUs, an increase of 4.6% on a reported basis and a decrease of 1.8% on a reported basis. The growth of homosexual comparison.

The Chairman and CEO of the Group, Sultan Ahmed Bin Sulayem, said that this strong performance at the end of the year led to a steady growth rate in 2020, which is considered positive if It was compared to the sector's estimates that indicate a decrease of 2.1%, indicating that this confirms once again the resilience of the global shipping sector and its ability to overcome challenges and the continued ability of DP World to outperform the market.

He added that growth was encouraging in all regions in which the group operates, and India was one of the main drivers, while the main port at Jebel Ali witnessed stable handling volumes. p>