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DP World volumes continue to rise

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  • Stronger second-half performance across all regions

DP World, the world’s third largest operator, handled 55 million TEU across its global portfolio of container terminals during 2013, with gross container volumes growing by 0.7 percent on a like-for-like basis.

The second half of the year delivered a stronger performance with volumes growing 3.6 percent. However, on a reported basis gross volumes declined 1.9 percent due to the monetisation of one of our Hong Kong assets.

“We are pleased to deliver gross like-for-like throughput growth in 2013, despite the challenging macroeconomic backdrop,” said DP World chairman, Sultan Ahmed Bin Sulayem.

“We are encouraged by the volumes handled at our flagship Jebel Ali Port, with our UAE operation recording the best year in its history.”

“This reflects the continued growth of Dubai, the UAE and the wider region. The one million TEU expansion of Jebel Ali’s Terminal contributed to that record result, and this year, we will add four million TEU new capacity at Terminal 3 to ensure we are well placed to handle future capacity demand in Dubai.”

In a statement, the Dubai-based firm said that all three reporting regions displayed a stronger performance in the second half of 2013, driven largely by an improved performance from its Asia Pacific, Australia and UAE terminals, while Europe continues to show signs of stability.

The UAE delivered another record year handling 13.6 million TEU, representing growth of 2.7 percent.

At a consolidated level, our terminals handled 26 million TEU during 2013, a marginally lower like-for-like performance.

“Our London Gateway facility and our facility in Brazil, Embraport, both opened for business in the second half of 2013 and we look forward to their contribution during 2014 and beyond,” added Sultan Ahmed Bin Sulayem

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