DP WORLD REPORTS 2.2% GROSS VOLUME
GROWTH IN THE FIRST NINE MONTHS OF 2016
DP World Limited handled 47.5 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals during the first nine months of 2016, with gross container volumes growing by 2.2% on a reported basis, and up 1.0% on a like-for-like basis.
Our European and Indian subcontinent terminals continue to deliver a robust performance, while conditions in Australia and Latin America remain challenging. The UAE handled 11.1 million TEU, down 6.7% year-on-year due to a reduction in lower-margin transhipment cargo.
At a consolidated level, our terminals handled 21.9 million TEU during the first nine months of 2016, a 0.3% improvement in performance on a reported basis and down 2.3% year-on-year on a like-for-like basis.