DP World gross volumes up 10.5% in Q1 | GulfNews.com

DP World gross volumes up 10.5% in Q1 | GulfNews.com:



"DP World handed 14.3 million TEUs (twenty-foot equivalent units) in the first quarter of 2014 across its global portfolio of container volumes, marking a 10.5 per cent year-on-year growth, the ports operator said in a statement on Monday.



It added that gross volumes grew by 11.6 per cent on a reported basis as new volumes from London Gateway and Embraport in Brazil contributed to the portfolio.



“First-quarter growth was largely driven by an improved performance from our Asia Pacific, India and UAE terminals, with Europe continuing to show signs of improvement. The UAE delivered a very strong quarter handling 3.6 million TEU, representing growth of 17 per cent,” stated DP World chairman Sultan Ahmad Bin Sulayem."



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