Dubai-headquartered global port operator DP World Limited handled 18.9 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the 1st quarter of 2021, with gross container volumes increasing by 10.2% year-on-year on a reported basis and up 9.6% on a like-for-like basis.

The 1st quarter saw growth in all 3 regions, especially its terminals in India and Australia. DP World said that the stabilization in Jebel Ali continue with the terminal handling 3.5 million TEU in 1st quarter 2021, up by 2.6% year-on-year.

At a consolidated level, its terminals handled 11.2 million TEU during the 1st quarter of 2021, increasing 8.2% on a reported basis and up 7% year-on-year on a like-for-like basis, reported news agency WAM.

Sultan Ahmed Bin Sulayem, Group chairman and CEO said: “We are delighted with the strong start to 2021 with our portfolio delivering 10.2% volume growth in 1st quarter 2021, which is once again ahead of industry estimated growth of 8.9%. This performance is beyond expectations and illustrates the resilience of the global container industry, and DP World’s continued ability to outperform the market.”

“Trade volume growth has accelerated and our planning of providing integrated supply chain solutions to beneficial cargo owners has allowed us to benefit from this recovery. Looking ahead, while the near term trading environment is positive.

DP World handled 19.1 million TEU across its global portfolio of container terminals in 4th quarter of 2020. As a result, its gross container volumes increased by 7.6% year-on-year on a reported basis and up 6.5% on a like-for-like basis.

For the fiscal year (FY) 2020, DP World handled 71.2 million TEU, flat year-on-year and up 0.2% on a like-for-like basis.

DP World also partnered with Caisse de depot et placement du Quebec investment group last month to sign a USD 1.2 billion agreement with Indonesia’s Maspion Group to construct an international container port and industrial logistics park in Gresik in Indonesia.

A joint venture company called DP World Maspion East Java will be established between DP World, Caisse de depot et placement du Quebec and Maspion Group, the 1st of its kind in the Indonesian transportation sector involving a foreign direct investor and a private sector Indonesian company.