Freight News, Sea

DP World Reports 2.2% Gross Volume Growth in first 9 months 2016

[ November 4, 2016   //   ]

DP World Limited handled 47.5 million TEU across its global portfolio of container terminals during the first nine months of 2016, with gross container volumes growing by 2.2% on a reported basis, and up 1.0% on a like-for-like1 basis.

Its European and Indian subcontinent terminals continue to deliver a robust performance, while conditions in Australia and Latin America remain challenging. The UAE handled 11.1 million TEU, down 6.7% year-on-year due to a reduction in lower-margin transhipment cargo.

At a consolidated level, its terminals handled 21.9 million TEU during the first nine months of 2016, a 0.3% improvement in performance on a reported basis and down 2.3% year-on-year on a like-for-like basis.