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Abu Dhabi, UAETuesday 19 June 2018

DP World says gross container volume advances 10.7 per cent in second quarter

Gross container volume rises to 17,596 twenty-foot equivalent units

Cargo containers at Terminal 1 in Jebel Ali Port, operated by DP World. The firm said on Thursday it is on track to meet full-year 2017 market expectations.  Pawan Singh / The National
Cargo containers at Terminal 1 in Jebel Ali Port, operated by DP World. The firm said on Thursday it is on track to meet full-year 2017 market expectations. Pawan Singh / The National

DP World, the world's fourth largest terminal operator, said gross container volume advanced 10.7 per cent in the second quarter on the back of a rise in global trade.

Gross container volume advanced to 17,596 twenty-foot equivalent units (TEU) compared to 15,898 TEU in the same period last year. The biggest growth in volumes during the quarter came from the Americas and Australia which saw a 17.1 per cent jump in the three months ended June to 2,153 TEU compared to 1,839 in the same period last year.

“Our portfolio has delivered ahead-of-market growth benefitting from the improved trading environment in 2017 and market share gains from the new shipping alliances, driving volumes in the second quarter," said Sultan Ahmed Bin Sulayem, Group Chairman and Chief Executive Officer.

"The robust performance was delivered across all three regions, which once again demonstrates that we have the right strategy and the relevant capacity in the key markets. We are pleased to see our terminals in the Americas and Europe continue to deliver growth. Encouragingly, UAE volumes have improved and we continue to expect our portfolio’s volume growth to outperform the market.

Mr. Sulayem added that based on the company's first half performance DP World was on track to meet full year 2017 market expectations.

The operator posted posted a 16 percent rise in full-year profit in 2016.