DP World’s UAE volumes down by 6%

DP World’s UAE volumes down by 6%
Jebel Ali in Dubai is DP World's flagship facility

DP World’s container volumes in the UAE, largely from its flagship facility Jebel Ali, fell 6% in the first half of 2016 due to a reduction in lower-margin cargo.

Its UAE terminals handled 7.4m teu, down from 7.9m teu in the equivalent period last year.

However, additions to DP World’s container handling capacity at new facilities helped the firm’s worldwide consolidated volumes to increase by 1.6% to 14.6m teu.

Nevertheless, on a like-for-like basis excluding volumes at Yarimca (Turkey), Stuttgart (Germany), Antwerp Inland (Belgium) and Prince Rupert (Canada), its consolidated throughput decreased by 1.4%.

In the Europe, Middle East and Africa (EMEA) region, container volumes fell 1.6% even with the addition of new facilities.

Its performance in the Americas and Australia particularly benefited from extra capacity, which turned a 10.5% decrease to a 19.4% rise in volumes.

Group chairman and chief executive Sultan Ahmed Bin Sulayem said: “We expect the second half of 2016 to show an improved performance as our new developments in Rotterdam (Netherlands), Nhava Sheva (India), London Gateway (United Kingdom) and Yarimca (Turkey) deliver an increasing contribution.”

“We continue to focus on driving profitability by targeting higher margin cargo, improving efficiencies and managing costs,” he added.

One bright point came in the Asia Pacific and Indian subcontinent area where volumes rose by 6.6%.