DP World’s 9-month container volumes rise 1 per cent


* DP World dealt with forty seven.5 million twenty-foot equal unit

* Terminals DP World controls dealt with 21.9 million TEU between January-Spetember


Dubai’s DP World Restricted, one of many 5 largest port operators on the planet, stated on Tuesday that it noticed a 1 per cent rise in gross container quantity on a like-for-like foundation and a couple of.2 per cent on a reported foundation for the primary 9 months this yr.


The operator, which has a portfolio of seventy seven working marine and inland terminals in forty nations worldwide, stated it dealt with forty seven.5 million twenty-foot equal models (TEU) in the course of the January-September interval.


It stated in a press release to the media that circumstances in Australia and Latin America have been difficult.  However the declining quantity progress was offset by robust progress in European and Indian subcontinent terminals.


“Regardless of the difficult market circumstances, notably in pure useful resource dependent economies, our portfolio continues to ship progress, which as soon as once more demonstrates the advantages of working a globally diversified portfolio,” stated Sultan Ahmed Bin Sulayem, group Chairman and CEO of DP World.


At a consolidated degree, the terminals DP World controls dealt with 21.9 million TEU through the interval beneath assessment however the determine was down 2.three per cent on a like-for-like foundation. On a reported foundation, quantity elevated by zero.three per cent.


“We’ll proceed to take care of capital expenditure self-discipline by bringing on capability consistent with demand, whereas specializing in concentrating on larger margin cargo, enhancing efficiencies and managing prices to drive profitability. Given the efficiency within the first 9 months, we’re properly positioned to satisfy full yr market expectations,” added Bin Sulayem.

Supply: Press Launch