DP WORLD REPORTS GROSS VOLUME GROWTH
OF 3.7% in 1Q 2023
Thursday, 27th April 2023, Dubai, UAE: DP World Limited handled 19.5 million TEU
(twenty-foot equivalent units) across its global portfolio of container terminals in the
first quarter of 2023, with gross container volumes increasing by 1.4% year-on-year on
a reported basis and up 3.7% on a like-for-like basis.
The growth was driven by a strong performance in Asia Pacific and India, which was
partially offset by softer performance in Europe and the Americas. Jebel Ali (UAE)
handled 3.5 million TEU in 1Q 2023, up 2.3% year-on-year.
At a consolidated level, our terminals handled 11.4 million TEU during the first quarter
of 2023, up 0.7% year-on-year on a reported basis but down 1.3% on a like-for-like
basis.
Group Chairman and Chief Executive Officer Sultan Ahmed Bin Sulayem commented:
“Our portfolio has had an encouraging start to the year with container volume growth
of 3.7%, once again ahead of the market, which is estimated to be down by 6.3%[1].
This outperformance continues to demonstrate that we are in the right locations, and
our strategy to offer integrated supply chain solutions to beneficial cargo owners is
driving value for our stakeholders.
A strong performance in Asia Pacific and India drove our growth. However, as
anticipated, volume growth has softened in some regions, such as Europe and the
Americas, due to uncertain economic conditions. Volumes at our flagship Jebel Ali
terminals remain robust, with growth of 2.3%.
Looking ahead, the near-term outlook remains somewhat uncertain, given the
geopolitical backdrop, high inflation and currency fluctuations. However, we expectour portfolio to deliver a stable performance in 2023 as we remain focused on driving
revenue synergies from our recent acquisitions while managing costs and growth
capex.”
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Investor Enquiries:
Redwan Ahmed Amin Fikree
DP World Limited DP World Limited
Mobile: +971 50 5541557 Mobile: +971 56 6811553
Direct: +971 4 8080842 Direct: +971 4 8080923
Redwan.Ahmed@dpworld.com Amin.Fikree@dpworld.co
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Further Information :
Gross Volume 1Q 1Q % Growth
‘000 TEU 2022 2023 (like-for-like)
+10.9%
Asia Pacific & India 8,451 9,372
(+11.4%)
-7.3%
Europe, Middle East and Africa* 7,993 7,413
(-2.6%)-2.4%
Americas & Australia 2,819 2,752
(-2.4%)
+1.4%
Total Group 19,264 19,537
(+3.7%)
Consolidated Volume 1Q 1Q % Growth
‘000 TEU 2022 2023 (like-for-like)
+2.0%
Asia Pacific & India 2,474 2,524
(+2.0%)
+1.8%
Europe, Middle East and Africa* 6,122 6,234
(-1.7%)
-3.1%
Americas & Australia 2,742 2,656
(-3.1%)
+0.7%
Total Group 11,339 11,414
(-1.3%)
+2.3%
*Jebel Ali Volumes included in Middle East,
3,424 3,501
Africa and Europe region
(+2.3%)
About DP World
We are a leading provider of worldwide smart end-to-end supply chain logistics,
enabling the flow of trade across the globe. Our comprehensive range of products and
services covers every link of the integrated supply chain – from maritime and inland
terminals to marine services and industrial parks as well as technology-driven
customer solutions.
We deliver these services through an interconnected global network of over 350
business units in 75 countries across six continents, with a significant presence both in
high-growth and mature markets. Wherever we operate, we integrate sustainability
and responsible corporate citizenship into our activities, striving for a positive
contribution to the economies and communities where we live and work.Our dedicated, diverse and professional team of more than 103,000 people from 161
nationalities are committed to delivering unrivalled value to our customers and
partners. We do this by focusing on mutually beneficial relationships – with
governments, shippers, traders, and other stakeholders along the global supply chain
– relationships built on a foundation of mutual trust and enduring partnership.
We think ahead, anticipate change and deploy industry-leading digital technology to
further broaden our vision to disrupt world trade and create the smartest, most
efficient and innovative solutions, while ensuring a positive and sustainable impact on
economies, societies and our planet.

Sentiment: neutral