DP World Reports 7.5 Percent Increase In Container Volumes
By Anuja Abraham
DP World updates the market on volume throughput for the first half of 2012.
In the first six months of the year, DP World handled 28.2 million TEU (twenty foot equivalent units) across its global portfolio of over 60 terminals, 7.5 percent ahead of the same period last year. Like for like gross volume growth was 5.4 percent.
The Asia Pacific and Indian Subcontinent region was the main driver of this growth, reporting a 12.1% increase in volumes to 13.3 million TEU. The Americas and Australia region grew volumes by 6.1 percent to 3.3 million TEU as solid growth in the Americas mitigated a more challenging environment in Australia.
The Europe, Middle East and Africa region grew 3.2 percent to 11.6 million TEU. Weaker trade across Europe masked the stronger performance across the rest of the region including in Jebel Ali, UAE which handled 6.6 million TEU in the first six months of the year, 7.3 percent ahead of the same period last year.
Our portfolio of consolidated terminals reported volumes of 13.6 million TEU in the first six months of the year. Underlying volume growth would have been 5.5 percent when compared to the same period last year, had our five terminals in Australia not been deconsolidated from 12 March 2011.
Group Chief Executive Mohammed Sharaf commented: “The global macroeconomic uncertainty seen in the first quarter of the year has continued, and if anything, has increased through the second quarter. Despite this more challenging environment, the majority of our global portfolio continues to show resilience and we remain committed to delivering an improved operational and financial performance over 2011.”