Print Friendly, PDF & Email

DP World has announced an increase in the [ds_preview]worldwide turnover from January to September 2016. The terminal operator handled 47.5 mill. TEU across its global portfolio of container terminals. That is an increase of 2,2 %.

The company reported a robust performance on terminals in Europe and India, while conditions in Australia and Latin America remain challenging. The UAE handled 11.1 mill. TEU, down 6.7 % year-on-year due to a reduction in lower-margin transhipment cargo.

»While the near-term global trade growth outlook appears soft, we expect our new developments
in Rotterdam (Netherlands), Nhava Sheva (India), London Gateway (United Kingdom)
and Yarimca (Turkey) to drive growth in our portfolio«.
Sultan Ahmed Bin Sulayem, DP World Chairman and CEO
 

At a consolidated level, that means that terminals the company have control as defined under IFRS, DP World handled 21.9 mill. TEU during the first nine months
of 2016, a 0.3% improvement in performance on a reported basis and down 2.3 % year-on-year on a like-for-like basis. Like for like consolidated volume does not include volumes at Yarimca (Turkey), Stuttgart (Germany), Antwerp Inland (Belgium) and Prince Rupert (Canada).