DP World's #Dubai shipping container volumes fall for fifth consecutive quarter - Reuters

DP World's Dubai shipping container volumes fall for fifth consecutive quarter - Reuters:

DP World’s DPW.DI Dubai shipping container volumes fell by 6.3% in the second quarter, the port operator reported on Tuesday, the fifth consecutive quarterly drop.

DP World blamed the drop on the loss of lower margin cargo and challenging market conditions, but said it expected more stable throughput for the rest of the year.

It handled 3.9 million twenty foot equivalent units (TEU) in the three months to June 30 at its Dubai ports, compared with 4.2 million in the same 2018 period.