DP World reported container traffic rose 14 percent in 2010 from the previous year to an all time high of almost 50 million 20-foot equivalent units as world trade recovered from the global economic recession.
The Dubai-based company handled 49.6 million TEUs at fifty terminals in 28 countries, up from 43.3 million TEUs in 2009, to consolidate its position as the world's third largest container terminal operator.
The increase included contributions from new terminals in Qingdao, China, and Callao, Peru, which came on stream in 2010.
"This excellent performance in the second half of the year will lead to a stronger financial performance and we expect to report full year financial results in line with expectations and well ahead of the prior year," said DP World CEO Mohammed Sharaf.
"We remain confident about the long term outlook for the container terminal industry and our strong competitive position within it," Sharaf said.
DP World said traffic growth was driven by a strong performance in Australia, the Americas and the Asia-Pacific region and the return of growth in Europe.
Traffic at the company's 28 consolidated terminals grew 9 percent to 27.8 million TEUs in 2010 from 25.6 million TEUs a year ago, including 7.3 million TEUs in the final quarter, 12 percent ahead of the year-earlier period.
The United Arab Emirates handled 11.6 million TEUs in 2010, up 4 percent from 2009, with fourth quarter traffic rising 7 percent to over 3 million TEUs.
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