DP World reported a 9.5 percent increase in container traffic in the first quarter to 13.8 million 20-foot equivalent units, driven by double-digit gains at its terminals in Asia-Pacific and the Indian subcontinent.
Excluding the contribution from new capacity, like-for-like growth was 7.4 percent, the Dubai-based company said in a trading statement.
Traffic in the Asia-Pacific and Indian subcontinent grew 14.6 percent to 6.48 million TEUs from 5.66 million TEUs in the first three months of 2011.
Traffic in Europe, Africa and the Middle East grew 4.4 percent to 5.66 million TEUs, with a strong performance in the Middle East compensating for “the ongoing challenging operational environment” in Europe.
The Americas and Australia region reported growth of 8.7 percent to 1.66 million TEUs, driven by a “very strong” performance in the Americas.
DP World’s flagship Jebel Ali terminal in the United Arab Emirates handled 3.2 million TEUs in the first quarter, 8.5 percent ahead of the same period in 2011.
Traffic in DP World’s consolidated terminals slipped to 6.6 million TEUs from 6.8 million TEUs, reflecting the sale of a 75 percent stake in five Australian terminals.
“The global macroeconomic uncertainty has continued into 2012,” said DP World chairman Sultan Ahmed Bin Sulayem.” With our portfolio focused on the faster growing emerging markets and more stable origin and destination markets, we remain committed to delivering improved operational and financial performance over 2011.”
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