DP World reports 2 .5% gross volume growth in H1 2016
DP World Limited handled 31.4 million TEU (twenty - foot equivalent units) across its global portfolio of container terminals during the first half of 2016, with gross container volumes growing by 2.5% on a reported basis, and up 1.2 % on a like -for -like 1 basis.
Growth in the first half of 2016 was largely driven by a strong performance from company's European and Indian subcontinent terminals. Conditions in Australia and Latin America remain challenging while the UAE handled 7.4 million TEU, down 6.0% year -on -year due to a reduction in lower-margin cargo.
At a consolidated 2 level, our terminals handled 14.6 million TEU during the first half of 2016, a 1.6% improvement in performance on a reported basis and down 1.4% year -on -year on a like -for -like 3 basis.