DP World Q3 container volumes up 2.4%

This was driven largely by an improved performance from its Asia Pacific and UAE terminals. On a reported basis gross volumes were flat with a 0.4% decline in the third quarter, reflecting monetisations and divestments made in previous periods.

The UAE delivered a record quarter with 3.6m teu handled during the period, representing growth of 5.4%. Volumes for the nine months to September 2013 exceeded 10m teu for the first time.

Its portfolio of consolidated terminals handled 6.7 million TEU in the third quarter, delivering like-for-like volume growth of 2%, driven mainly by the record UAE performance. Volumes through the company’s consolidated terminals in the Asia Pacific & Indian Subcontinent region are showing signs of stability.