DP World Handles 71 Million TEU and Reports 2.9% Volume Growth in 2018
Our global portfolio has delivered growth on top of our strong prior year performance and despite the uncertainty with global trade.
DP World handled 71.4 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the full year of 2018, with gross container volumes growing by 1.9% year-on-year on a reported basis and 2.9% on a like-for-like basis Gross volumes were stable in 4Q2018 despite softer volumes in the UAE and the tough year-on-year comparables (4Q2017 grew by 10.3%).
The UAE handled 15.0 million TEU in 2018 down 2.7% year-on-year. At a consolidated level, our terminals handled 36.8 million TEU in 2018, a 0.8% improvement in performance on a reported basis and up 1.4% year-on-year on a like-for-like basis.
Group Chairman and Chief Executive Officer Sultan Ahmed Bin Sulayem commented: “We are pleased to see that our global portfolio has delivered growth on top of our strong prior year performance and despite the uncertainty with global trade.
Our Europe and Americas portfolio saw strong growth with continued ramp-up in London Gateway (UK), Yarimca (Turkey) and Prince Rupert (Canada), while performance in Africa remains robust driven by Dakar (Senegal) and Sokhna (Egypt). In the UAE, the softer volumes were due to the loss of low-margin throughput, where we remain focused on high margin cargo and maintaining profitability.
“In 2018, we have made good progress in strengthening our product offering which will enable us to participate in a wider part of the supply chain and offer smarter long-term solutions to cargo owners. Looking ahead to 2019, we expect our portfolio to continue to deliver growth and our focus remains on delivering operational excellence, managing costs and disciplined investment to remain the trade partner of choice. Given the steady volume performance of our portfolio, we are well placed to meet full year 2018 market expectations.”
Further Information:
|
Gross Volume ‘000 TEU |
4Q 2017 |
4Q 2018 |
4Q % Growth (like for like) |
12M 2017 |
12M 2018 |
12M % Growth (like for like) |
|
Asia Pacific & Indian Subcontinent |
8,043 |
8,283 |
+3.0% (+3.0%) |
31,924 |
32,904 |
+3.1% (+3.2%) |
|
Europe, Middle East and Africa* |
7,441 |
7,181 |
-3.5% (-1.0%) |
29,358 |
29,475 |
+0.4% (+3.1%) |
|
Americas & Australia |
2,316 |
2,316 |
+0.0% (-3.7%) |
8,798 |
9,040 |
+2.8% (+0.9%) |
|
Total Group |
17,800 |
17,781 |
-0.1% (+0.4%) |
70,079 |
71,419 |
+1.9% (+2.9%) |
|
|
|
|
|
|
|
|
|
*UAE Volumes included in Middle East, Africa and Europe region |
3,790 |
3,615 |
-4.6% (-4.6%) |
15,368 |
14,954 |
-2.7% (-2.7%) |
|
|
|
|
|
|
|
|
|
Consolidated Volume ‘000 TEU |
4Q 2017 |
4Q 2018 |
4Q % Growth (like for like) |
12M 2017 |
12M 2018 |
12M % Growth (like for like) |
|
Asia Pacific & Indian Subcontinent |
2,475 |
2,496 |
+0.8% (+0.8%) |
10,020 |
10,019 |
+0.0% (+0.5%) |
|
Europe, Middle East and Africa* |
5,780 |
5,495 |
-4.9% (-1.8%) |
22,889 |
22,585 |
-1.3% (+2.1%) |
|
Americas & Australia |
965 |
1,086 |
+12.6% (+0.6%) |
3,567 |
4,156 |
+16.5% (-0.1%) |
|
Total Group |
9,221 |
9,077 |
-1.5% (-0.8%) |
36,476 |
36,760 |
+0.8% (+1.4%) |
DP World is a leading enabler of global trade and an integral part of the supply chain.
We operate multiple yet related businesses – from marine and inland terminals, maritime services, logistics and ancillary services, to technology-driven trade solutions.
We have a portfolio of over 150 operations in over 45 countries across six continents, with a significant presence in both high-growth and mature markets. We aim to be essential to the bright future of global trade, ensuring that everything we do contributes positively and sustainably to both the economy and society.
Our dedicated team of more than 46,000 employees from 120 countries cultivates long-standing relationships with governments, shipping lines, importers and exporters, communities, and many other important constituents of the global supply chain, providing quality value-added services today and tomorrow.
Container handling is the company’s core business and generates more than 50% of its revenue. In 2018, DP World handled 71.4 million TEU (twenty-foot equivalent units) across our portfolio. With its committed pipeline of developments and expansions, the current gross capacity of 91 million TEU is expected to rise in line with market demand.
By thinking ahead, foreseeing change and innovating, DP World aims to create the most productive, efficient and safe trade solutions globally.