DP World sees flat growth for FY2020
DP World recorded flat growth across its global portfolio of container terminals in FY2020, up 0.2% at 71.2m teu, despite a 7.6% jump in gross container volumes in Q4 to 19.1m teu.
Q4 volumes grew 6.5% on a like-for-like basis, which was mainly driven by India, Europe, Middle East, Africa and the Americas.
Sultan Ahmed Bin Sulayem, group chairman and chief executive officer of DP World, said: “This strong end to the year resulted in flat growth in 2020 which compares favourably against an industry that is estimated to be down 2.1%
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