UAE's DP World reports record volume handling in 2017 | ZAWYA MENA Edition

UAE's DP World reports record volume handling in 2017 | ZAWYA MENA Edition:

"DP World Limited handled 70.1 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the full year of 2017, with gross container volumes growing by 10.1% year-on-year on a reported basis and 9.7% on a like-for-like1 basis, ahead of Drewry Maritime’s global container throughput growth estimate of 6.0% for 2017.

In the fourth quarter, a company statement said, the global portfolio grew 10.3% year-on-year on a reported basis and 9.9% on a like-for-like basis with consistent performance across all three DP World regions and particularly strong contributions from terminals in Europe, Americas and Middle East & Africa. The UAE handled 15.4 million TEUs in 2017, up by 4.0% year-on-year.

At a consolidated level, DP World terminals handled 36.5 million TEUs in 2017, a 24.7% improvement in performance on a reported basis and up 6.2% year-on-year on a like-for-like basis. Reported consolidated volume in the Asia Pacific & Indian Subcontinent region was boosted by the consolidation of Pusan, South Korea, in December 2016."



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