Dubai's DP World reports higher first half gross container volumes

Ports operator DP World reported on Tuesday first-half 2016 gross container volumes up 1.2 per cent on a like-for-like basis and up 2.5 per cent on a reported basis.

The Dubai-based company handled 31.4 million twenty-foot equivalent units (TEU) with growth largely driven by strong performances at its European and Indian subcontinent terminals, according to a statement.

This growth offset “challenging” market conditions in Australia and Latin America, while the amount of TEUs it handled in its home market of the UAE fell 6 per cent year-on-year due to a reduction in lower-margin cargo.

Consolidated volumes, at terminals over which DP World has control, fell 1.4 per cent on a like-for-like basis to 14.6 million TEU. On a reported basis though, it increased 1.6 per cent.

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