The UAE-based port operator reported 20.1 million TEUs in the third quarter of 2022, which translates to a 1.5% year-on-year growth. The box volumes in the third quarter were mainly driven by Asia Pacific, Middle East & Africa, Americas, and Australia, according to DP World, which said that its flagship terminal in Jebel Ali, UAE handled 3.5 million TEUs in that period.
Sultan Ahmed Bin Sulayem, chairman and CEO of DP World, commented, “As expected, growth rates have decelerated due to the more challenging market conditions, but global trade continues to remain resilient, and our portfolio is expected to continue to outperform the market.” He went on to add, “Looking ahead, the near-term outlook remains uncertain given the geopolitical environment, inflationary pressures and currency fluctuations but we remain positive on the medium to long term outlook for global trade. Overall, given the solid nine-month volume performance, we expect to deliver an improved set of full year results.”
