Cyprus Mail
BusinessInternationalShipping

DP World posts 9.4 per cent rise in 2021 container volumes

dp world shipping maritime port containers trade commerce

Ports giant DP World on Monday reported a 9.4 per cent 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.”

Related Posts

Oil prices set for weekly climb, but cloudy outlook caps gains

Reuters News Service

Turkish cenbank’s net FX reserves jump to $11.81 bln

Reuters News Service

Property developers scramble to meet demand as Limassol leads the way

Kyriacos Nicolaou

EU says US plan for EV tax breaks discriminatory, may breach WTO rules

Reuters News Service

Ripple Labs interested in bankrupt crypto lender Celsius’ assets

Reuters News Service

Cyprus Business Now

Kyriacos Nicolaou