UAE region helps to deliver 10.5 per cent growth
Dubai-based port operator DP World handled 14.3 million 20-foot equivalent units (TEUs) across its global portfolio of container terminals during the first quarter of 2014, with gross container volumes growing by 10.5 per cent on a like-for-like basis.
On a reported basis gross volumes grew by 11.6 per cent as new volumes from London Gateway (UK) and Embraport (Brazil) contributed to the portfolio, benefitting the reported numbers.
First quarter growth was largely driven by an improved performance from the firms Asia Pacific, India and UAE terminals, with Europe continuing to show signs of improvement, said DP World Chairman Sultan Ahmed bin Sulayem. The UAE delivered a very strong quarter handling 3.6 million-TEUs, representing growth of 17.5 per cent.
At a consolidated level, DP Worlds terminals handled 6.8 million-TEU during the first quarter of 2014, a 12.8 per cent improvement in like-for-like performance, he added.
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