DP World volumes rise 14% in Q3 to 13m teu

Volumes for its 28 consolidated terminals grew by 8% in Q3 to 7.3m teu and by 7% for the first nine months to 20.5m teu. Like-for-like volume growth at its consolidated terminals was 9% for Q3 and 10%for the first nine months.

The UAE continued to deliver improved volume growth in Q3, reporting an increase of 4% to 3m teu and taking the number of containers handled in the first nine months of 2010 to 8.6m teu, 3% up on the previous period. Non-container volumes in the UAE also improved but for the year to date remain at lower levels than the same period last year, said the company.

DP World continues to handle container volumes above the levels reported in 2008, demonstrating the resilience of its portfolio to 2009’s global declines. Volume growth in Q3 2010 was driven by strong growth in the Asia-Pacific, Americas and Australia regions, while volumes continued to return across Europe and growth stabilised in the UAE.