DP World handled 14.2 million 20-foot-equivalent units in the third quarter, a 2.4 percent year-over-year increase that was driven by an improved performance at its terminals in the United Arab Emirates and the Asia-Pacific region.
The UAE terminals increased traffic by 5.4 percent to a quarterly record of 3.6 million TEUs, pushing volume for the first nine months of 2013 above 10 million TEUs for the first time. Meanwhile, the Dubai-based firm’s consolidated terminals, where it has majority control, posted growth of 2 percent in the third quarter, totalling 6.7 million TEUs.
The company said the figures were impacted by the divestment or monetization of approximately 1.9 million TEUs of capacity in Europe, the Middle East and Africa, and 300,000 TEUs in the Americas and Australia in 2012. During 2013, the world’s third-largest container handler, with more than 65 terminals, has divested or monetized around 1.6 million TEUs of capacity in Asia-Pacific and the Indian subcontinent.
“After a challenging first half... we are encouraged by the positive uplift witnessed in the third quarter,” said Mohammed Sharaf, chief executive, in a written statement. “With market conditions still uncertain, we continue to focus on driving profitability by targeting higher margin throughput and improving efficiencies. We remain confident of meeting full year market expectations.”