DP World warns on container traffic

* username: rupertbu

Full-year profits at DP World, one of the world’s largest container terminal operators, are set to fall after it handled 8 per cent fewer containers in 2009 than in 2008.

However, the Dubai-based company, controlled by debt-laden Dubai World, said in a trading statement it had performed less poorly than the overall container ports market because of its emphasis on faster-growing emerging markets.

This month, DP World announced plans to seek a London Stock Exchange listing after more than two years of disappointing share price performance following its November 2007 listing on the Dubai International Financial Exchange, now Nasdaq Dubai.