General view of a stock yard of DP World's fully automated Terminal 2 at Jebel Ali Port in Dubai, United Arab Emirates, December 27, 2018. REUTERS/ Hamad I Mohammed
Ports giant DP World on Monday reported a 9.4% rise in 2021 container volumes, though growth rates moderated in the fourth quarter which the Dubai state company said was expected due to the impact of COVID-19, inflation and supply chain issues.
DP World said it handled 77.9 million shipping containers across its portfolio with its Asia Pacific & India, and Americas & Australia regions both recording double digit growth.
Chairman Sultan Ahmed bin Sulayem said there had been an encouraging start to 2022 and that DP World expected the portfolio to “continue to deliver growth”.
But he also said the pandemic, ongoing global supply chain disruptions, rising inflation and geopolitical uncertainty “could continue to hinder the global economic recovery.” Writing by Alexander Cornwell; Editing by Shailesh Kuber
This aritcle was originally published by Reuters.
The fundamentals of the economy were strong, while occupier sentiment was favourable amid the scarcity…
The Adnoc CEO reveals that they have expedited the construction of the pipeline to 2027…
Oil prices are to stay volatile amid concerns over Middle Eastern oil supplies overshadowing diplomatic…
The GAIP InsureTek India 2026 (12th Edition), scheduled for 26th August 2026 in Mumbai, brings together key players…
The GAIP InsureTek Armenia 2026 (11th Edition), taking place on 4th June 2026 in Yerevan, marks the expansion…
Around 1,200 residential units were launched in the capital during Q1 in Abu Dhabi