DP World Q3 global volumes up 10%

DP World Q3 global volumes up 10%

Sultan Ahmed Bin Sulayem, DP World chairman said: “DP World has delivered another very strong performance (and) the 11% growth in volumes when compared to last year, continues to reflect our focus on the faster growing emerging markets, resulting in another performance well ahead of the industry.

“The UAE region has continued to do well with Q3 delivering excellent growth as Dubai continues to strengthen its position as a global trading hub for the fast growing economies of the Middle East, India and Africa.”

For the first nine months of the year, the UAE handled 9.5m teu, 11% ahead of the same period last year

DP World’s CEO Mohammed Sharaf, said: “Whilst uncertainty continues to affect the global economy our business continues to perform well. Despite the tougher Q4 comparatives, we continue to believe that we will achieve full year EBITDA in line with expectations.”