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