DP World sees third quarter volume climb 9 percent

DP World sees third quarter volume climb 9 percent

DP World boosted third quarter container volume by nine percent from a year ago as it opened new terminals at London Gateway and in Brazil.
 
The Dubai-based group handled 15.44 million 20-foot equivalent units in the three months through September compared with 14.17 million TEUs in the same period in 2013.
 
The flagship Jebel Ali port handled a record four million TEUs during the quarter and is operating at almost maximum utilization. A new 2 million TEUs-a-year terminal has started operations and a further 2 million TEUs capacity is due to come on stream in the second half of 2015, taking total capacity to 19 million TEUs.
 
The company handled 44.8 million TEUs in the first nine months, up 10.1 percent on the same period in 2013.
 
The wholly-owned terminals’ traffic grew 9.9 percent to 21 million TEUs in the first three quarters.
 
“It is evident that the significant investment of recent years is aiding in the delivery of stronger volume growth,” said DP World chairman Ahmed Bin Sulayem.
 
“The solid nine month performance leaves us well placed to outperform the market, which is forecast to grow at approximately five percent in 2014.”