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Dubai’s DP World reports 1.4% rise in gross container volumes in 2022

Jebel Ali handled 14 million TEU (twenty-foot equivalent units) in 2022, up 1.7 per cent year-on-year

February 6, 2023

DP World Limited handled 79 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in 2022.

Read: DP World reports volume growth of 9.4 per cent in 2021

Gross container volumes rose 1.4 per cent year-on-year on a reported basis and up 2.8 per cent on a like-for-like basis. Meanwhile, DP World handled 19.5 million TEU in Q4 2022, up 2.4 per cent on a like-for-like basis.

دي بي ورلد تحقق نمواً في أحجام مناولة الحاويات خلال 2022، متقدمةً على معدّل توقعات الأسواق العالمية.

DP World reports growth in business performance in 2022, solidifying its position as a leader in the industry. pic.twitter.com/U7CJnfeJXY

— Dubai Media Office (@DXBMediaOffice) February 6, 2023

Jebel Ali (UAE), Jeddah (Saudi Arabia), Angola (Angola), Sokhna (Egypt), London Gateway (UK), Constanta (Romania), Caucedo (Dominican Republic), Posorja (Ecuador), DP World Santos (Brazil) as well as its Australian ports (Brisbane, Sydney, Fremantle and Melbourne) delivered strong results, on an asset level.

However, Jebel Ali handled 14 million TEU in 2022, recording a 1.7 per cent year-on-year growth.

The Dubai-based logistics company teamed up with with Maersk last month to improve operational efficiencies, enhance customer service and collaborate on decarbonising.

Read: Dubai’s DP World and Maersk enter long-term partnership at Jebel Ali port

“We are delighted to report another solid volume performance with like-for-like growth of 2.8 per cent in 2022, which is once again ahead of industry forecast of a marginal decline of -0.5 per cent,” said Sultan Ahmed Bin Sulayem, group chairman and chief executive officer.

“Growth was driven by Asia Pacific, Americas and Australia region. Encouragingly, Jebel Ali’s (UAE) high margin origin and destination cargo grew by 8.6 per cent, with overall volume growth steady at 1.7 per cent for the year.”

“Looking ahead to 2023, we expect our portfolio to continue to deliver growth, but the outlook remains somewhat uncertain due to rising inflation, higher interest rates and geopolitical uncertainty.”

DP World also intends to invest up to $500m to cut carbon emissions from its operations by nearly 700,000 tonnes over the next five years, it announced towards the end of 2022.

Read: DP World to invest $500m over five years to reduce carbon emissions