Emirates News Agency – DP World records a 3.1 percent growth...

Emirates News Agency – DP World records a 3.1 percent growth...
Emirates News Agency – DP World records a 3.1 percent growth...

, 26th October, 2020 (WAM) – Dubai Ports World Ltd. handled 18.3 million TEUs of 20 feet across its global portfolio of container terminals in the third quarter of 2020, and total handling volumes increased by 3.1 percent year-on-year and increased by 1.9 percent over Comparison basis / adjusting the total volume of containers on the basis of a similar comparison of the volume of shipments in the following ports: “Bosorga” / Ecuador / “Porto Lerquin”, “Porto Central” / Chile / and “Surabaya” / Indonesia / and “Fraser Saree Deux” / Canada / Swiss Terminal / Germany / and Tianjin / China /.

During the first nine months of this year, DP World Limited handled 52.2 million 20 ft. TEUs, a decrease of 2.5 per cent on the basis of the announced reports, and a decrease of 2.0 per cent on a similar basis.

The growth in the total container volume on a pro-comparison basis came mainly due to the strong performance in Europe, the Middle East, Africa and the Americas, especially in the London Gateway / United Kingdom / Jeddah / Saudi Arabia / and Sokhna / Egypt / Rotterdam / Netherlands / and Antwerp Gateway / / Belgium /. In the Americas, growth was led by the ports of “Buenos Aires” (Argentina), “Santiago” (Chile), and “Vancouver” (Canada). In the port of “Jebel Ali” / the United Arab Emirates / 3.4 million standard containers of 20 feet were handled during the third quarter of 2020, representing a decrease of 4.2 percent on an annual basis.

At the standard level / Total Consolidated Handling is the total volume of handling from all container terminals over which the Group has control in accordance with IFRS / Container terminals handled 10.6 million 20ft TEUs during the third quarter of 2020, which represents an increase of 3.0 Per cent on the basis of published reports and a decrease of 1.7 per cent on an annual basis in terms of same-sex comparison / Standardized volume of containers adjusted on the basis of like comparison with “Bossorga” / Ecuador / and “Puerto Lerquin” and “Porto Central” / Chile /, grouping in Australia and Cocido / Dominican Republic /.

The volume of handling in the Americas and Australia increased by +22.1 percent thanks to the annexation of the port of “Cocido” (Dominican Republic).

Sultan Ahmed Bin Sulayem, Chairman and CEO of the Group, expressed his pleasure to announce that the quantities during the third quarter of this year were positive in their three regions. Recorded a 2.2 percent decrease in total handling volume. This performance exceeds expectations, and once again reflects the resilience of the global container shipping sector and the ability of DP World to outperform the market.

He noted that the recovery in the total volume of handling is due to many factors, as productivity increased on a quarterly basis by about 10 percent as global economies began to ease closure restrictions. India, which suffered a sharp slowdown in the second quarter of 2020, witnessed a significant improvement in the volume of handling compared to the second quarter, while the Jebel Ali Port achieved a growth of 3.4 percent compared to the previous quarter as the recovery and stability of commercial activity in the region began.

He affirmed that Dubai Ports sought during this challenging period to focus on maintaining the efficiency of supply chains to ensure the delivery of vital and essential goods. This was helped by the strategies it followed, which focus on providing effective solutions to cargo owners and aspires to continue this momentum. Towards the future, Dubai Ports is keen to turn its attention to containing costs to protect profitability and to manage capital expenditures for growth to maintain cash flow.

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