DP World Limited handled 16.4 million TEU (twenty - foot equivalent units) across its global portfolio of container terminals in the first quarter of 2017, with gross container volumes growing by 5.7% year - on - year on a reported basis, and 5.0% on a like - for - like 1 basis, well ahead of the industry estimate of 2.6% throughput growth for 1Q2017, the company said in its press release.
The first quarter witnessed a steady start to the year and all three regions delivered growth, especially terminals in Europe and the Americas. UAE also stabilised and handled 3.7 million TEU, growing 1.8% year - on - year in 1Q2017.
At a consolidated 3 level, DP World terminals handled 8.7 million TEU during the first quarter of 2017, a 19.9% improvement in performance on a reported basis and up 1.6% year - on - year on a like - for - like 4 basis.
Reported consolidated volume in the Asia Pacific and Indian Subcontinent region was boosted by the consolidation of Pusan (South Korea) at the end of 2016.