The Growth of DP World ‘s volume

DP World has reported above market growth in its container throughput figures of 3.7% for the first quarter of 2016, on the back of a strong performance at its facilities in Europe and the Indian subcontinent.

News ID: 64809

Date: 12 May 2016 - 12:48

According to MANA,The Dubai-based operator’s volumes climbed from just shy of 15m teu to 15.5m teu year-on-year during the three-month period.
However, box numbers were dented by a “challenging operating environment”, weak market conditions in Latin America and a disappointing performance at the company’s domestic terminals, where a loss of lower-margin cargo resulted in a 5.9% dip in traffic against the corresponding period of last year.
On a like-for-like basis, not including newly established operations in the Turkish port of Yarimca, Stuttgart and Prince Rupert, Canada, DP World’s volumes were up 2.4% on-year.
DP World chairman Sultan Ahmed Bin Sulayem said that he expects new developments in the Netherlands, India and Turkey to continue to deliver an increasing contribution in the second half of 2016.
“The additional 2m teu of capacity at Jebel Ali and 1m teu of capacity in London Gateway are on course to be delivered in mid-2016, which will offer further room for growth,” he said.
“Overall, we remain well positioned to grow volumes ahead of the market, while we continue to focus on driving profitability by targeting higher margin cargo, improving efficiencies and managing costs.”
“Our encouraging start to the year gives us confidence in meeting full year market expectations.”