Dubai's DP World reports 14% rise in handling volumes

26/10/2010 - Dubai Investment News
Dubai's DP World reports 14% rise in handling volumes

Posted by Bob Brunskill

Dubai-based DP World, the world's fourth biggest port operator, handled 13 million TEU (twenty-foot equivalent container units) across its portfolio of 50 operating terminals in the third quarter of the year - an increase of 14 per cent on the same period last year.

The result brings DP World's total TEU handling volume for the first nine months of the year to 36.7 million, which amounts to a 15 per cent rise on the corresponding period in 2009.

According to the company, the UAE continued to deliver improved volume growth in the third quarter of 2010, reporting an increase of four per cent to three million TEU and taking the number of containers handled in the first nine months of the year to 8.6 million TEU.

DP World also stated that volume growth in the third quarter has been driven by strong growth in the Asia-Pacific, Americas and Australia regions as well as a continuation of returning volumes across Europe and a stabilisation of volume growth in the UAE.

The company's portfolio of terminals and developments spans 31 countries, with its flagship Jebel Ali facility located in Dubai.
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