Tuesday 6 October 2015

DP World container volume grows

Dubai, February 5, 2014

DP World handled 55 million TEU (20-foot equivalent units) across its global portfolio of container terminals the last year, with gross container volumes growing by 0.7 per cent on the previous year.

The second half of the year delivered a stronger performance with volumes growing 3.6 per cent on the prior period on a like-for-like basis, said a statement.

On a reported basis gross volumes declined 1.9 per cent mainly due to the monetisation of one of its Hong Kong assets.

All three reporting regions displayed a stronger performance in the second half of the year, driven largely by an improved performance from the Asia Pacific, Australia and UAE terminals, while Europe continues to show signs of stability.

The UAE delivered another record year handling 13.6 million TEU, representing growth of 2.7 per cent.

At a consolidated level, DP World’s terminals handled 26 million TEU during the year, a marginally lower like-for-like performance.

Sultan Ahmed Bin Sulayem, chairman, said: “We are pleased to deliver gross like-for-like throughput growth in 2013, despite the challenging macroeconomic backdrop.

“We are encouraged by the volumes handled at our flagship Jebel Ali port, with our UAE operation recording the best year in its history. This reflects the continued growth of Dubai, the UAE and the wider region.

“The one million TEU expansion of Jebel Ali’s Terminal 2 contributed to that record result, and this year, we will add four million TEU new capacity at Terminal 3 to ensure we are well placed to handle future capacity demand in Dubai.

“Our London Gateway facility and our facility in Brazil, Embraport, both opened for business in the second half of 2013 and we look forward to their contribution during 2014 and beyond.” - TradeArabia News Service

Tags: DP World | container | grow | volume | TEU |

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