DP World posts 11 per cent increase in volumes


DP World has posted a 11 per cent rise in volumes in the first half of the year

DP World saw gross volumes for the first six months of the year at 26.2 million TEU, which is an increase of 11 per cent over the same period last year.

The company's portfolio of consolidated terminals handled 13.5mn TEU in the first six months of the year. 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.

This strong 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.

"DP World has delivered a very strong performance in the second quarter of the year, resulting in over 26mn 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," said Mohamed Sharaf, chief executive officer, DP World.

"We are particularly pleased to see the UAE achieving another milestone in container handing volumes with a record 6.1 million TEU handled in six months. The strong container volumes seen in the first half of the year will result in a significant improvement in first half profit after tax against the same period last year," Sharaf added.

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