DP World Limited handled 17.6 million TEU (twenty -foot equivalent units) across its global portfolio of container terminals in the first quarter of 2018, with gross container volumes growing by 7.3 % year -on -year on a reported basis, and 8.4 % on a like -for -like 1 basis, well ahead of Drewry Maritime’s industry estimate of 4.6 % global throughput growth for 1Q2018, the company said in its press release.
The first quarter witnessed a continuation of the recovery in global trade and all three regions delivered growth, especially terminals in Europe, Middle East & Africa and Australia. UAE continues to deliver stable growth and handled 3.8 million TEU , growing 2.9 % year -on -year in 1Q2018 .
At a consolidated 3 level, terminals handled 9.2 million TEU during the first quarter of 2018, a 6.6 % improvement in performance on a reported basis and up 6.8 % year -on -year on a like - for -like 4 basis.