The adverse effects of the pandemic could not leave unaffected one of the world’s largest port operators. UAE-Based DP World reported its gross container volumes decreased by 5.3% year-on-year on a reported basis, with 33.9 million TEU in the first half of 2020.
At a consolidated level, DP World terminals handled 20 million TEU during the first half of 2020, increasing 2.4% on a reported basis and down 5.4% year-on-year on a like-for-like basis.
Jebel Ali handled 6.7 million TEU in the first six months of 2020, down 6.8%% year-on-year, due to Covid-19 and loss of lower-margin cargo.
Like most industries, the maritime and logistics sector is going through an unprecedented and challenging period due to the COVID-19 outbreak. As a result, our portfolio has seen volumes weaken by -7.9% in 2Q2020 and -3.9% in 1H2020. However, this compares favourably against an estimated industry decline of -15% in 2Q2020 and -10% in 1H2020,
…commented Group Chairman and CEO Sultan Ahmed Bin Sulayem.