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DP World throughput up by 4.1% in first half of 2015
One of DP World's flagship terminals in Jebel Ali

DP World throughput up by 4.1% in first half of 2015

Terminal operator DP World handled 30.6m teu in the first half of 2015, up by 4.1% on the same period of 2014.

Growth was highest in the Europe, Middle East and Africa (EMEA) region where throughput was up by 6.9% to 12.1m teu.

In a statement, the operator claimed: “Encouragingly, Europe continues to show steady growth despite the difficult geopolitical environment.”

A more detailed breakdown of regional performance was not made available but over 60% of the company’s EMEA throughput is in the United Arab Emirates (UAE), much of it at the company’s flagship terminals in Jebel Ali, Dubai. In the UAE, the company’s volumes increased by 6% to 7.4m teu.

The statement continued: “The Asia-Pacific and the Indian subcontinent region (APIS) delivered an improved performance in the second quarter and the recent capacity addition at Nhava Sheva (India) should provide further room for growth.”

Throughput in the APIS region increased by 5.8% from 6.9m teu in the first quarter to 7.3m teu in the second quarter. Year-on-year, in the first half of 2015, the APIS region increased its throughput by 2.7% to 13.8m teu.

The worst performing of the company’s three regions was the Americas and Australia, which was down in the first half by 0.1% to 3.5m teu. The company blamed this on “soft economic conditions”. The company has four terminals in Australia, six in Latin America and one in North America, in Canada.

Company chairman Sultan Ahmed Bin Sulayem said: “We have made good progress with our new developments, with Rotterdam and Nhava Sheva now operational whilst Yarimca is on track for launch in the fourth quarter of 2015.”

“Additionally,” he said, “the proposed acquisition of Fairview Terminal in Canada is expected to close in the second half of this year, which will enhance our America portfolio.

Group chief executive Mohammed Sharaf said: “Operating a global portfolio focused on faster growing markets and origin and destination cargo continues to be the right strategy to follow.”