São Paulo – DP World, a Dubai-based Global port terminal operator, handled 71.2 million TEU (twenty-foot equivalent units – a container standard size) across its global portfolio of container terminals in 2019, up 1.0% from a year before, according to a press release made public this Tuesday (4).
Gross volumes in the fourth quarter of 2019 grew by 2.1% year-on-year, driven by Asia and Africa handlings.
The company’s operation in Jebel Ali Port in Dubai involved 14.1 million TEU in 2019, down 5.6% year-on-year.
In Port of Santos, Brazil, the Arab company handled 716,445 TEU in 2019 to and from Asia, Africa and the Americas. DP World Santos handled 625,000 tonnes of pulp last year.
DP World chairman and CEO Sultan Ahmed Bin Sulayem commented that 2019 was a challenging year with the trade war between China and US and regional geopolitics causing uncertainty in the global market. “Despite this, our portfolio has delivered growth which once again demonstrates the resilience of our business. We saw robust growth across Asia and Africa driven by Pusan (South Korea), Qingdao (China), Manila (Philippines) and Jeddah (Saudi Arabia). In Europe we saw continued ramp-up in London Gateway (UK) and Yarimca (Turkey) while Prince Rupert (Canada) and Callao (Peru) continued to deliver strong growth,” he was quoted as saying.
“We are seeing positive signs of progress in our new businesses that give us encouragement for the future. The near-term focus is on integrating our recent acquisitions, managing costs and disciplined investment to cement DP Worlds position as the logistics partner of choice,” Sulayem said.
Translated by Guilherme Miranda
