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2017 July 25   10:04

DP World reports 10.7% gross volume growth in second quarter of 2017

DP World Limited handled  34.0  million TEU (twenty -foot  equivalent units)  across its global portfolio of container  terminals  in the  first half  of 2017, with  gross container volumes growing by  8.2 % year -on -year on a reported basis and  7.7 % on a like - for -like 1  basis , with  second quarter growth rates  accelerating to  10.7% year -on -year on a reported  basis and 10.4% on a  like -for -like 2  basis , ahead of Drewry Maritime’s  upgraded industry estimate  of 4% throughput growth in 2017 3, the company said in its press release.

The first half of 2017  witnessed an  improvement in global trade  and all three  DP World  regions  saw  growth  rates accelerate  in the second quarter of 2017,  particularly terminals in Europe  and the Americas. 

The  UAE  handled  7.7  million  TEU  in 1H2017, growing  4.3 % year -on -year ,  implying  a 2Q2017 growth of 6.6%.

At a consolidated 4  level, our terminals handled  17.9  million TEU during  the first  half  of 2017, a  22.4 % improvement  in performance  on a reported basis  and up  4.7 % year -on -year on a  like -for - like 5  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

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