DP World reported a 7% year-on-year drop in its UAE gross container volumes in the first nine months of 2016 due to reduced lower-margin transhipment cargo.
Throughput at the port operator’s terminals in the UAE fell from 11.9m teu in the first nine months of 2015 to 11.1m teu in the same period this year.
Overall consolidated volumes, handled at terminals where DP World has control, went up by a negligible 0.3% year-on-year to 22m teu, boosted by a 16.8% growth in the Americas & Australia region.
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