TERMINAL operator DP World has defied geopolitical strife and trade policy uncertainty to post a 5.6% rise in container volumes for its half year results.
According to a statement, revenue grew by 20.4% year-on-year, driven by “strong performance” across ports and terminals.
Container volumes increased 5.6% on a like-for-like basis, reaching 45.4 million TEU across the global portfolio.
Group chairman and chief executive Sultan Ahmed bin Sulayem said ongoing geopolitical tensions, the continued closure of the Red Sea route and rising uncertainty around global trade tariffs had caused “significant disruption across the industry”.
“Despite these challenges, our strategy of delivering integrated end-to-end solutions and operating critical infrastructure in key markets has allowed us to continue supporting cargo owners to move their freight and to deliver a strong set of results,” Sultan Ahmed bin Sulayem said.
DP World states that it is continuing to invest in strategic growth markets, with more than one billion US dollars spent on capital expenditure during the first half of the year.
The full-year capital expenditure target of US$2.5bn is to support expansion in Jebel Ali Port, Drydocks World, Tuna Tekra (India), London Gateway (UK), and Dakar (Senegal), along with DP World Logistics and P&O Maritime Logistics.
Across terminals where DP World has operational control, the company reported handling 27.4 million TEU, a rise of 7.5% year-on-year.
Group deputy chief executive Yuvraj Narayan said the performance was underpinned by continued momentum in ports and terminals and marine services.
“We remain well-positioned to fund strategic growth, maintain our credit strength, and respond to evolving market conditions,” Mr Narayman said.
“We continue to enhance our logistics capabilities, allowing us to serve customers seamlessly across the world’s major trade lanes.”
Sultan Ahmed bin Sulayem noted investments aimed at addressing supply chain inefficiencies and strengthening connectivity.
“Despite ongoing macroeconomic headwinds and continued pressure on key shipping corridors, DP World expects to deliver a strong full-year EBITDA performance,” he said.
“We remain optimistic about the medium-to-long-term outlook for global trade and logistics.”