container volumes up 2.2% across DP World’s
DP World’s gross container volumes grew 2.2% to 47.5m teu during the first nine months of 2016 on the back of the “robust” performance of its European and Indian subcontinent terminals.
According to MANA, However, the Dubai-based global terminal operator said conditions in Australia and Latin America “remain challenging” while its UAE terminals, headlined by its flagship Jebel Ali Port, handled 11.1m teu – a 6.7% year-on-year drop due to a reduction in what it describes as “lower-margin” transhipment cargo.Group chairman and ceo Sultan Ahmed Bin Sulayem remains upbeat as ever, saying the its 77 inland and marine terminals across six continents had helped shield DP World against the global trade slowdown. He remains confident of meeting full year market expectations.