Port operations at DP World Jebel Ali. Photo courtesy of DP World
DP World Limited has reported a 7.3% gross volume growth in the first quarter of 2018, handling 17.6 million TEU across its global portfolio of container terminals.
These results showcase the continuation of the recovery in global trade for DP world, with all three worldwide regions delivering growth — especially terminals in Europe, Middle East & Africa, which saw a 9.8% growth, and Americas & Australia, which saw 6.1% growth.
The Asia Pacific & Indian Subcontinent market saw a 5.3% growth over the quarter.
DP World’s UAE terminals handled a total of 3.8 million TEUs in the first quarter, growing 2.9% year-on-year.
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Group Chairman and Chief Executive Officer Sultan Ahmed Bin Sulayem commented: “Following a strong year for the global container market in 2017 with peak levels since 2011, our portfolio has had an encouraging start to 2018 delivering ahead-of-market growth.
“The robust performance was delivered across all three regions, which once again demonstrates that we have the relevant capacity in the right markets.
“While the trade environment may appear more benign, geopolitical headwinds in some regions continue to pose uncertainty.
“Nevertheless, we still expect to grow ahead of the market and see increased contributions from our new investments.”
