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2014 July 24   17:13

DP World box traffic rises 9.3% to 29.4 million TEUs in H1

DP World Ltd. saw a 9.3% growth across its global portfolio of container terminals in containerized cargo volume in the first half of the year to 29.4 million TEUs, the Company said in a press release.

On a reported basis gross volumes grew by 10.7% with new volume at London Gateway (UK) and Embraport (Brazil) contributing to the increase.

Growth in the first half was largely driven by an improved performance from our Asia Pacific and India Subcontinent, Europe and UAE terminals. The UAE delivered another strong performance handling 7.4 million TEU, representing growth of 14.1% in the first half. Encouragingly, growth in Europe continued to accelerate in the second quarter, showing strong growth in the first half of 2014 when compared with the challenging first half of 2013.

At a consolidated level, our terminals handled 13.9 million TEU during the first half of 2014, an 11.2% improvement in like-for-like performance.

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