DP World reports 2.2 % gross volume growth in the first nine months of 2016

DP World Limited handled 47.5 million TEU (twenty - foot equivalent units) across its global portfolio of container terminals during the first  nine months of 2016, with gross container volumes growing by 2.2 % on a reported basis, and up 1.0 % on a like - for - like 1 basis. European and Indian subcontinent terminals continue to deliver a robust performance,  while conditions in Australia and Latin America remain challenging. The UAE handled  11.1 million TEU, down 6.7 % year - on - year due to a reduction in lower - margin transhipment  cargo. At a consolidated 2 level, DP World terminals handled  21.9 million TEU during the first  nine months of 2016, a 0.3% improvement in performance on a reported basis and down  2.3 % year - on - year on a like - for - like 3 basis.