DP World delivers throughput growth of 11 percent

UAE firm handles 26.2 million teu in the first six months of the year.
Dp world, Growth, Ports, Teu, Uae, NEWS

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DP World’s global portfolio of container terminals has continued to build on the solid start to 2011, with the momentum continuing into the second quarter.

Gross volumes for the first six months of the year were 26.2 million TEU or 11 per cent ahead of the prior year.

DP World, CEO, Mohamed Sharaf, commented: “DP World has delivered a very strong performance in the second quarter of the year, resulting in over 26 million containers handled for the first six months of the year, delivering a performance ahead of the industry, reflecting our positioning in the faster growing emerging markets.”

This performance was driven by strong growth in the Asia Pacific, UAE, Africa and Americas’ regions, as well as new volumes from recently opened capacity in Callao, Peru and Qingdao, China. Like for like gross volume growth was 10 per cent.

The firm’s portfolio of consolidated terminals handled 13.5 million TEU in the first six months of the year.

Had the company’s five terminals in Australia not been deconsolidated from 12 March 2011, the consolidated terminals would have delivered 10 per cent growth ahead of the same six month period in 2010. Like for like consolidated volume growth in the first half was 8 per cent.

The UAE handled 6.1 million TEU in the first six months of the year, with a record 3.1 million TEU handled during April, May and June. Whilst the first six months delivered growth 11 per cent ahead of the same period last year, as was reported in the first quarter, this continues to reflect a relatively weak comparable period in the first half of 2010.

DP World continues to invest in new capacity with developments in Vallarpadam, India and Karachi, Pakistan both opened in the first quarter of the year.

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