DP World’s global container volumes reach 55m teu
According to a DP World statement, its portfolio of consolidated terminals (those terminals it controls) handled 27.5m teu during 2011. Had its five terminals in Australia not been deconsolidated from March 12, 2011, the consolidated terminals would have delivered 9% growth ahead of the prior year.
The growth across its portfolio was driven by an exceptionally strong performance in the UAE region which delivered volume growth of 12% – handling 13m teu for the year. The UAE region has gone from strength to strength during 2011 with each quarter delivering yet another record performance culminating in 16% volume growth in the final quarter of 2011.
Alongside the performance in the UAE, DP World saw strong results from the Asia Pacific, Africa and the Americas region together with the addition of new capacity from its terminals in Karachi, Pakistan (Qasim International Container Terminal) and Vallarpadam, India both of which opened in early 2011.
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