DP World said it handled 23.7 million 20-foot equivalent container units at its 50 operating terminals in the first half of 2010, an increase of 16 percent on the same period last year and ahead of the 2008 figure.
Throughput at the Dubai-based company’s 28 consolidated terminals increased 7 percent to 13.2 million TEUs.
Volume was driven mainly by DP World’s terminals in Asia, mainly joint ventures and associated companies that handled 10.5 million TEUs against 8.6 million TEUs in the first six months of 2009.
Terminals in the United Arab Emirates increased by three percent in the first half to 5.5 million TEUs.
“The return to container volume growth we reported in the first quarter... continued strongly through the second quarter, delivering a better than expected performance in the first half of 2010, particularly for our portfolio of joint venture and associate terminals,” said Chief Executive Officer Mohammed Sharaf.
By the Numbers:
U.S. Container Trade with Mainland China
“Whilst uncertainty remains over the sustainability of trade volumes reported in the first half of the year we currently expect to deliver full year results in line with expectations,” Sharaf said.
DP World opened a new terminal in Callao, Peru, at the end of the second quarter and is scheduled to start operations in Vallarpadam, India, and Karachi, Pakistan, later this year.
DP World handled 43.4 million TEUs in 2009 and plans to boost annual capacity to around 95 million TEUs over the next ten years.
--Contact Bruce Barnard at email@example.com.