The UAE handled 9.5 million TEUs in first nine months of 2011
Dubai-based port operator DP World says that it handled 14.4 million 20-foot equivalent units (TEUs) in the third quarter of the year, a 10 per cent rise on the same period in 2010.
In the first nine months of the year, DP World has handled 40.6 million TEUs, an 11 per cent increase on the first nine months of last year. This increase has mainly been driven by strong growth in the Asia-Pacific region, the UAE, Africa and the Americas, as well as new volumes from recently acquired Suriname and additional capacity in Callao in Peru and Qingdao in China.
DP World’s portfolio of consolidated terminals handled 20.5 million TEUs in the first nine months of the year. The growth was primarily from the UAE, Africa and the Americas.
The UAE handled 9.5 million TEUs in the first nine months of 2011, an 11 per cent rise on the same period last year.
“While uncertainty continues to affect the global economy, our business continues to perform well. Despite the tougher fourth quarter comparatives, we continue to believe that we will achieve full year Ebitda in line with expectations,” says Mohammed Sharaf, chief executive of DP World.
Ebitda is earnings before interest, taxes, depreciation and amortisation.