DP World's #Dubai shipping container volumes drop 4.6% in fourth quarter | ZAWYA MENA Edition

DP World's Dubai shipping container volumes drop 4.6% in fourth quarter | ZAWYA MENA Edition:

DP World reported a fall of 4.6 percent in fourth-quarter shipping container volumes in Dubai that the government-controlled port operator blamed on a drop in low-margin business.

Dubai's Jebel Ali, the largest transshipment port in the United Arab Emirates, and Mina Rashid port account for about 20 percent of DP World's global volumes.

The two ports handled 3.6 million 20-foot equivalent units in the three months to Dec. 31, compared to 3.8 million in the same 2017 period, DP World said in a statement.