Normal view of a inventory yard of DP World’s absolutely automated Terminal 2 at Jebel Ali Port in Dubai, United Arab Emirates, December 27, 2018. REUTERS/ Hamad I Mohammed
DUBAI, Oct 26 (Reuters) – Dubai ports large DP World mentioned on Tuesday it anticipated development in transport freight container volumes to reasonable within the subsequent quarter after volumes dealt with rose 8.1% within the third quarter.
International provide chain disruptions as a result of pandemic-driven lockdowns and an unexpectedly fast restoration in commerce have led to a scarcity of transport containers, congestion in ports and sky-rocketing freight charges.
“The near-term outlook stays constructive, however we do anticipate development charges to reasonable within the closing quarter,” DP World Chairman Sultan Ahmed bin Sulayem mentioned in an announcement, citing COVID-19, provide chain constraints and geopolitical uncertainty.
DP World, which operates over 90 terminals throughout six continents, mentioned it dealt with 19.8 million transport containers within the third quarter, whereas volumes rose 11.9% to 58.4 million containers within the first 9 months of the yr.
Reporting by Alexander Cornwell; Enhancing by Sherry Jacob-Phillips
Our Requirements: The Thomson Reuters Trust Principles.
