Ports operator DP World gave an optimistic outlook for 2021 on Thursday, citing pent-up demand for cargo and an easing of geopolitical tensions after the change of U.S. administration.
Sultan Ahmed bin Sulayem, who is chairman and chief executive of the Dubai state-owned global ports operator, said that demand and supply chain capabilities had also improved as a result of the coronavirus pandemic.
“You are always cautious … (but) the outlook this year looks good for many reasons,” he said on a call with reporters after DP World reported a 29% fall in profit for 2020 compared with 2019, when it was inflated by a land sale.
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