Freight News, Sea

London Gateway shines for DP World

[ February 5, 2020   //   ]

DP World handled 71.2 million teu across its global container terminals in 2019, with gross container volumes flat year-on-year on a reported basis and up +1.0% on a like-for-like basis. Like-for-like gross volumes in the fourth quarter of 2019 accelerated to 2.1% with growth driven by Asia Pacific and Africa.  Jebel Ali handled 14.1 million teu in 2019 down 5.6% year-on-year due to a decline in low margin cargo. Group chairman and chief executive Sultan Ahmed Bin Sulayem said that 2019 had been a challenging year with the trade war between China and US and regional geopolitics causing uncertainty but there had been robust growth across Asia and Africa along with the continued ramp-up in London Gateway.