DP World Limited has announced its operating results for the first nine months of 2014. It reported having handled 44.8m TEUs across its global portfolio of container terminals with gross container volumes growing by 9.0% on a like-for-like basis. On a reported basis gross container volumes grew by 10.1% with new volume at London Gateway in the UK and Embraport in Brazil contributing to the increase.
Growth for the nine month period was largely driven by the Asia Pacific and India Subcontinent region, which grew by 10.3% year-on-year and Europe and UAE terminals, which grew by 11.6%. The UAE delivered a particularly strong performance handling 11.4m TEU, representing growth of 12.6% year-on-year. Volumes in the Americas & Australia region also grew by 4.0% overall but declined by 1.2% on a like for like basis.
DP World’s Chairman Ahmed Bin Sulayem commented, “Volume growth for the first nine months of 2014 has been impressive, and we remain encouraged by the third quarter performance which has grown 8.4% year-on-year on a like-for-like basis. It is evident that the significant investment of recent years is aiding in the delivery of stronger volume growth.”
“Our flagship Jebel Ali port achieved yet another new record, with 4.0m TEU handled in the third quarter. The port is operating at almost maximum utilization and we are therefore pleased to announce that Terminal 3 is now operational, adding 2m TEU capacity to Jebel Ali port. A further 2m is expected to come on line in the second half of 2015, taking total Jebel Ali capacity to 19m TEU,” he added.
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