DP World volumes up 6% in half-year results

UAE-based operator DP World handled 35.6m teu in the first half of 2018, translating to 6% year-on-year growth on a gross, like-for-like basis.

All three regions in DP World’s portfolio – Asia Pacific and Indian Subcontinent; Europe, Middle East and Africa (EMEA); Americas and Australia – recorded growth, although the company’s growth did decelerate in the second quarter of the year due to tough comparables. In the second quarter of 2017, growth stood at 10.7% as a result of new shipping alliances.

Sultan Ahmed bin Sulayem, DP World group chairman and CEO, said: “The robust performance across all regions continues to be an affirmation of our strategy to deploy relevant capacity in key markets and operate a diversified portfolio. We are pleased to see our terminals in Europe and Australia continue to deliver growth and still expect to see increased contributions from our new investments in the second half of the year.”