Logistics
CEVA Logistics unveils new international road transport center in China
CEVA Logistics unveils new international road transport center in China
DHL says tariff extension fuels more transpacific shipping volatility than help
DP World, Asian Terminals deploy first fleet of electric internal transfer vehicles in the Philippines
DHL Global Forwarding makes leadership appointments in Asia Pacific
International shipping groups condemn Red Sea attacks
DSV opens Singapore's first "positive energy" logistics facility
4RCargo taps Roman Taborsky to lead Austrian air freight operations
DHL Global Forwarding inaugurates new Frankfurt air freight hub
Air Hong Kong now operating all-A330 Freighter fleet
Hong Kong takes center stage at TIACA 2025 Summit
JD Logistics adds first industrial infrastructure in Australia
FedEx names R. Brad Martin as new chairman
Europe-Central Asia rail cargo deliveries rise in Jan–May
Rhenus expands in Southeast Asia with new Singapore air freight gateway
DHL sees opportunity in Indonesia's new energy sector
JD Logistics debuts in Saudi Arabia
Hong Kong maintains 3% export growth forecast despite tariffs
DHL: Early peak season driven by tariff and capacity fluidity
Kuehne+Nagel appoints Marcus Claesson as chief information officer
Alarm bells ring over global truck driver shortages
DHL Group to invest more than €500M in the Middle East
Chengdu-Shenzhen-Hong Kong rail-sea service launches
FedEx boosts APAC healthcare capabilities with CEIV pharma certification
UPS enhances service in Johor, Malaysia to accelerate global delivery
DP World launches logistics hub to accelerate South Africa auto growth
FedEx names new CEO for standalone freight spin-off
Trade policy shifts fuel 20% industrial space growth in Indonesia, Vietnam
DP World to launch US$2.5B logistics infrastructure investment in 2025
DHL Global Forwarding taps Amanda Rasmussen as chief commercial officer
SATS to invest over US$192M to enhance Changi Airport operations
APEC lowers 2025 growth forecast to 2.6%, urges trade policy stability
U.S. slashes ‘de minimis’ tariff on small China parcels to 30%
DHL eCommerce, Evri announce merger to boost parcel delivery network
DHL expands robotics deployment in automation push
U-Freight earns HKAEO accreditation for high security standards
DP World launches first Singapore warehouse, expanding Asian network
PSA BDP takes majority stake in Mexico’s ED Forwarding
DHL acquires US e-commerce logistics company IDS Fulfillment
DHL Global Forwarding makes key appointment in Asia Pacific
Kuehne+Nagel, cargo.one partner to expand digital airline connections
U-Freight sees continued global ecommerce growth despite current risks
deugro Thailand delivers critical reactors for sustainable fuel production
CEVA Logistics signs deal to acquire Borusan Tedarik, expand in Turkey
DP WORLD CITES INDIA GROWTH AS IT REPORTED "STRONG" NINE MONTHS NUMBERS
October 26, 2021

DP World Limited reported strong numbers in the first nine months of the year, citing, among others, it's India performance as a key driver.

 

The Dubai-based multinational logistics company said it handled 58.4 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals from January to September, with gross container volumes increasing by 11.9% year-on-year on a reported basis and up 11.4% on a like-for-like basis.

 

Self Photos / Files - 800_quaycranesmovingcontainersfromvesselatjebelaliterminal

 

On the third quarter basis, DP World said handled 19.8 million TEU, up 8.1% year-on-year and up 7.9% on a like-for-like basis.

 

APAC, India, Middle East boost

 

"3Q2021 gross volume growth was mainly driven by Asia Pacific, India, Middle East & Africa and Australia with a strong performance from Qingdao (China), Mumbai (India) and Sokhna (Egypt). Jebel Ali (UAE) handled 3.4 million TEU in 3Q2021, up 0.6% year-on-year," DP World said.

 

At a consolidated level, the company said its terminals handled 11.4 million TEU during the third quarter, increasing 7.6% on a reported basis and 7.2% year-on-year on a like-for-like basis.

 

"We are delighted to report another strong quarter for DP World with throughput growth of 8.1%, which is once again ahead of industry growth of 6.4%. This strong performance illustrates the resilience of the global container industry, and DP World's continued ability to outperform the market," Group chairman and chief executive officer Sultan Ahmed Bin Sulayem said.

 

"Encouragingly, all our regions continue to deliver volume growth with India being a key driver, and we continue to make solid progress on our strategy to deliver supply chain solutions to beneficial cargo owners," he added.

 

Outlook remains "positive"

 

Bin Sulayem noted a positive outlook but also signalled caution for the ongoing impacts of Covid-19 on supply chains.

 

"The near-term outlook remains positive, but we do expect growth rates to moderate in the final quarter," he said. "Furthermore, we remain mindful that the Covid-19 pandemic, continued supply chain disruptions, and geopolitical uncertainty could continue to hinder global economic recovery."

 

"Overall, we are pleased with the year-to-date performance and remain focused on growing profitability while managing growth capex. The strong nine-month volumes leave us well placed to deliver an improved set of full year results and we remain focused on delivering our 2022 targets," the DP World chief added.