The total volume of container handling increased by 3.5% in the second quarter of 2022

DB World records a strong quarterly performance in container handling

DB World handled 20.2 million TEUs across its global portfolio in the second quarter of 2022. From the source

DB World Group announced that it handled 20.2 million TEUs across its global portfolio of container terminals, in the second quarter of 2022, describing its strong performance and expecting improved performance for the whole year, given the strong start to the current year.

Second Quarter

The group said in a statement that the total volumes of container handling increased by 2.9% on an annual basis, and 3.5% on a like-for-like basis, pointing out that the volume growth in the second quarter of 2022 was driven by the performance of the Asia Pacific regions, the Americas and Australia. .

At Jebel Ali Port, 3.6 million 20-foot equivalent containers (TEUs) were handled in the second quarter of 2022, an increase of 3.5% year-on-year.

On the basis of the total volume of container handling in the first half of 2022, DB World handled 39.5 million twenty-foot equivalent containers, an increase of 2.3% on an announced annual basis, and an increase of 2.7% on a like-for-like basis.

standardized level

At the consolidated level, container terminals handled during the second quarter of 2022 a total of 11.6 million TEUs, which represents an increase of 1.8% on a declared and like-for-like basis.

In the first half of 2022, DB World handled, at the consolidated level, 22.9 million twenty-foot equivalent containers, an increase of 1.6 percent on an annual basis, and an increase of 1.4 percent on a like-for-like basis.

strong performance

Sultan Ahmed bin Sulayem, Chairman and CEO of DB World Group, said: “We announce another strong performance, in terms of total handling volume, with a growth of 3.5% during the second quarter of 2022, which exceeds the sector’s growth rate of 3.5%. 2.6%.”

He added, "This strong performance demonstrates the resilience of the container sector globally, and DB World's ability to continue its superiority in the market."

Bin Sulayem continued: “The growth was driven by the strong performance of container terminals in the Asia Pacific, Americas and Australia regions.

The port of Jebel Ali in the UAE also achieved an improved performance, with the total volume of container handling growing by 3.5% year-on-year.

Bin Sulayem indicated that “Looking to the future, the expectations in the near term are uncertain, given the geopolitical conditions, inflation pressures, and the continuing impact of the Corona pandemic, but we remain optimistic about the global trade movement in the medium and long term, and we expect to provide an improved performance for the whole year given the strong start.” which we recorded this year.”

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