DP World Container Throughput Grows
DP World has announced a 2.2% increase in gross container volumes across its worldwide portfolio on a like-for-like basis in 2016.
According to MANA, The organization experienced a small decrease in volumes at its Jebel Ali headquarters in Dubai, but this was offset by growth at its European and Asian operations.
DP World handled 63.7m teu across its global portfolio of container terminals in the full year of 2016, with gross container volumes.
In the fourth quarter, gross reported volumes grew by 6% year-on-year driven by strong growth in Asia Pacific and Europe.
Ahmed Bin Sulayem, group chairman and ceo admitted that the company had faced “challenging market conditions, particularly at our flagship Jebel Ali Port”, but said that its portfolio is growing above the market average.