DP World’s first half 2018 volume grew by 6% on a like-for-like basis, with the company handling 35.6 million TEU across its global portfolio of container terminals.
The global terminal operator experienced an increase in traffic across Asia, Europe and Australia, between January and June 2018.
Volume in the United Arab Emirates (UAE) was relatively flat in comparison, with only an increase of 0.2%.
DP World Group Chairman and Chief Executives Officer, Sultan Ahmed Sulayem, commented: “Our portfolio has delivered an encouraging performance in the first half of 2018 with all regions continuing to deliver growth.
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“However, as expected there has been a deceleration in the growth rate in 2Q2018 due the tougher year-on-year comparisons, where 2Q2017 grew 10.7% year-on year driven by market share gains from the new shipping alliances.
“Nevertheless, the robust performance across all regions continues to be an affirmation of our strategy to deploy relevant capacity in key markets and operate a diversified portfolio. We are pleased to see our terminals in Europe and Australia continue to deliver growth and still expect to see increased contributions from our new investments in the second half of the year.
“Whilst geopolitical headwinds and recent changes in trade policies continue to pose uncertainty to the container market, first half volume performance demonstrates that our portfolio is well positioned to deliver growth.
“We continue to focus on delivering operational excellence and disciplined investment to remain the port operator of choice as well as strengthening our product offering to play a wider role in the global supply chain as a trade enabler.”
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