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DP World starts 2018 strongly
Group chairman and CEO of DP World, Sultan Ahmed bin Sulayem

DP World starts 2018 strongly

DP World reported year-on-year container growth of 7.3% as throughput at its global terminals rose to 17.6m teu in the first quarter of 2018.

The operator cited particularly good performance in Europe, the Middle East and Africa (EMEA), and also in Australia.

Sultan Ahmed bin Sulayem, group chairman and CEO of DP World, said: “While the trade environment may appear more benign, geopolitical headwinds in some regions continue to pose uncertainty.

“Nevertheless, we still expect to grow ahead of the market and see increased contributions from our new investments.”

On a like-for-like basis, which doesn’t include terminals in Berbera, Limassol, Doraleh or Saigon, throughput rose by 8.4%. Consolidated throughput, which is for all terminals where DP World has control per IFRS, rose by 6.6% to 9.2m teu on a reported basis and by 6.8% on a like-for-like basis.

DP World’s EMEA throughput rose by 9.8% to 7.4m teu, while in the Americas and Australia volumes rose by 6.1% to 2.16m teu.

In the Asia Pacific and Indian Subcontinent volumes rose by 5.3% to 8.03m teu.

Volumes in the UAE, which is home to DP World’s flagship Jebel Ali terminal, rose by 2.9% to 3.8m teu.