DP World Says Outlook Uncertain as Volumes Fall
DUBAI, July 27 (Reuters)– Global port driver DP World videotaped a loss of 8.8% in 2nd quarter container quantities, alerting on Monday the expectation continued to be unsure.
The coronavirus pandemic closed cities as well as manufacturing facilities worldwide for months, interfering with deliveries as well as international supply chains, while some cities are currently reestablishing aesthetics after a current surge in infections.
The Dubai state-owned business, which additionally runs logistics centers, managed 16.7 million delivery containers in the 2nd quarter, below 18.3 million a year previously.
It videotaped its most significant quarterly decrease in the Asia Pacific as well as Indian subcontinent area, where quantities dropped 12.2% to 7.2 million containers.
“Overall, we are encouraged that our business has performed better than expected and, while the outlook is still uncertain, we remain positive on the medium- to long-term fundamentals of the industry,” Chairman Sultan Ahmed container Sulayem claimed in a declaration.
Volumes managed in the initial 6 months of the year were down 5.3% at 33.8 million containers, DP World claimed. (Reporting by Alexander Cornwell; Editing by Clarence Fernandez)
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