DP World reports 9.0% like-for-like Q3 volume growth

DP World handled 44.8m teu across its global portfolio of container terminals during the first nine months of 2014, with gross container volumes growing by 9% on a like-for-like basis.  On a reported basis gross container volumes grew by 10.1%, with new volume at London Gateway (UK) and Embraport (Brazil) contributing to the increase.

Growth for the nine month period was largely driven by the Asia, Pacific and India Subcontinent region, Europe and UAE terminals; the UAE delivered another strong performance handling 11.4m teu, representing growth of 12.6% year-on-year.

The company said it remained encouraged by the performance of its facilities in Europe, which continued to display strong volume growth