DP World reports gross container volume rise of 10.7% in second quarter

Global terminal operator DP World has said gross container volumes increased by 10.7% in the second quarter, boosted by a rise in global trade.

DP World Limited handled 34mn TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the first half of 2017.

The first half of 2017 witnessed an improvement in global trade and all three DP World regions saw growth rates accelerate in the second quarter of 2017, particularly at terminals in Europe and the Americas.

The UAE handled 7.7mn TEU in 1H 2017, growing 4.3% year-on-year, implying a 2Q 2017 growth of 6.6%.

 “Our portfolio has delivered ahead-of-market growth benefitting from the improved trading environment in 2017 and market share gains from the new shipping alliances, driving volumes in the second quarter,” said Group Chairman and Chief Executive Officer Sultan Ahmed Bin Sulayem.

RELATED ARTICLES:

• DP World and Indonesian sign deal to develop port and trade infrastructure

• Van Oord wins contract for Dubai Harbour dredging works

• Maersk suspends Qatar cargo routes as GCC rift intensifies

"The robust performance was delivered across all three regions, which once again demonstrates that we have the right strategy and the relevant capacity in the key markets.

“We are pleased to see our terminals in the Americas and Europe continue to deliver growth. Encouragingly, UAE volumes have improved and we continue to expect our portfolio’s volume growth to outperform the market.

“Given the encouraging first half performance, we remain well placed to meet full year 2017 market expectations.”