Array

DP World smashes throughput record

Worldwide business for UAE ports company grows 18%.
Sultan Ahmed Bin Sulayem, chairman of Dubai World and DP World, Jamal Majid Bin Thania, DP World executive vice chairman and Group CEO of Ports and Fr
Sultan Ahmed Bin Sulayem, chairman of Dubai World and DP World, Jamal Majid Bin Thania, DP World executive vice chairman and Group CEO of Ports and Fr

Share

Global marine terminal operator DP World has confirmed it handled more than 43.3 million TEU (twenty-foot equivalent container units) across its portfolio of 42 terminals last year - an increase of 18% on 2006.

Growth across three global regions continued strongly in 2007, outstripping industry performance averages in all key markets.

The Middle East, Europe and Africa region grew 19% in 2007 compared with 2006. Terminals in the UAE increased throughput by 19% to 11m TEU, with the two Dubai ports of Jebel Ali and Port Rashid combined growing 20% to reach 10.7m TEU.

DP World Jebel Ali alone grew more than 25%, reaching 9.9m TEU. This was in large part due to a raft of new vessel calls, as well as the opening of a new second terminal at the port in the second half of last year.

The Asia Pacific and Indian sub-continent region boasted a 17% increase in throughput as many of the terminals expanded capacity and continued to deliver improved productivity to serve the regional surge in containerised cargo there.

The Americas and Australia region delivered growth of 18%, with all terminals in the region performing above expectation.

"2007 was another excellent year of growth for DP World, with our portfolio continuing to grow ahead of global container trade growth," said Mohammed Sharaf, CEO DP World. Leading analysts Drewry Shipping Consultants have estimated worldwide container trade growth at 10.8%, confirming DP World have managed to outpace the industry by a considerable margin.

"Our global footprint underwent significant changes in 2006 and our operational performance in 2007 reflects why we are now one of the leading terminal operators in the world. But we are not stopping here. Our customers continue to look to us to help them manage their supply chains, and we will continue to grow in accordance with their needs," added Sharaf.

In what was a highly successful 2007 for DP World the Dubai headquartered firm also announced four major new wins. In Europe, the company scooped major contracts to develop two new terminals in Rotterdam and the London Gateway. In Africa, DP World won the concession to operate the existing port at Dakar, Senegal, and to build the new terminal there, as well as the acquisition of Sokhna Port in Egypt.

"In addition, we expanded the operations of our existing terminals, increasing capacity at selected facilities and improving overall efficiency," said Sharaf.

Most Popular