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2016 February 8   12:15

DP World reports 3.0 % volume growth in 2015

DP World Limited handled 61.7 million TEU  (twenty - foot equivalent units) across its global  portfolio of container terminals during 2015 ,  with gross container volumes growing by 3.0 % on reported basis and 2.4 % on a like - for - like 1 basis.  Growth  in 201 5 was largely driven by Europe an and UAE  terminals. The portfolio benefited from the ramp - up in London Gateway and the UAE handled  a record  15.6 million TEU’s,  representing  like - for - like growth of 2.3 % for the year.

Utilisation at Jebel Ali remains high at  approximately 90% despite the softer volumes in Q42015. Market conditions in the second half of 2015 were challenging, with like - for - like gross  throughput  growth flat year - on - year in Q4  2015.  At a consolidated 2 level, terminals handled 29.1 million TEU during  2015, a 2.7 % improvement  on a reported basis.  Consolidated  like - for - like 3 volumes grew by 1.7% for the  year.

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