Its strong performance is evidence of its continued ability to outperform its peers in the market
DB World: 11.9% growth in total handling volume during 9 months
All regions of DB World continue to achieve growth in container volumes.
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Sultan Ahmed bin Sulayem: “We are pleased with 2021’s performance so far, and we will continue to focus on increasing profitability and managing capital expenditures for growth.”
Strong performance of the «Group» with the growth of the total volume of handling.
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DB World Group Ltd. announced that it handled 58.4 million TEUs across its global portfolio of container terminals during the first nine months of 2021.
And it stated in a statement yesterday, that the total quantities handled witnessed an increase of 11.9% on an annual basis, and an increase of 11.4% on a like-for-like basis.
On the basis of the third quarter of 2021, DB World handled 19.8 million TEUs, an increase of 8.1% year-on-year, and 7.9% on a like-for-like basis.
growth factors
DB World indicated that the overall volume growth in the third quarter of 2021 was mainly driven by the results of the Asia Pacific region, India, the Middle East, Africa and Australia, with strong performance from Qingdao (China) and Mumbai (India). and Sokhna (Egypt).
The group noted that 3.4 million 20-foot equivalent containers (TEUs) were handled in the third quarter of 2021 at Jebel Ali Port, an increase of 0.6% year on year.
At the consolidated level, container terminals handled 11.4 million TEUs during the third quarter of 2021, which represents an increase of 7.6% on a declared basis, and an increase of 7.2% on an annual basis for the like-for-like growth rate.
strong performance
Sultan Ahmed Bin Sulayem, Group Chairman and CEO, said: “We are pleased to report a strong performance for DB World during another quarter, with a growth in total volume of 8.1%, to come again ahead of the sector’s growth of 6.4 percent. %”, considering this as new evidence of the flexibility of the container shipping sector globally, and of DB World's continued ability to outperform its peers in the market.
He added, “It is encouraging that all of our regions continue to achieve growth in container volumes, with India being a key driver, and we continue to make strong progress in our strategy to provide supply chain solutions to beneficial cargo owners.”
positive outlook
Bin Sulayem continued: “The near-term outlook remains positive, but we expect growth rates to decline in the fourth quarter of 2021, in addition to being aware that the (Covid-19) pandemic, ongoing supply chain disruptions, and geopolitical uncertainty could lead It will derail the global economic recovery once again.”
He continued: “Overall we are pleased with the performance of the year 2021 so far, and we will continue to focus on achieving our goals in terms of increasing profitability and managing capital expenditures for growth. We are still focused on achieving our goals for 2022.”
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