DP World’s volumes fall in third quarter

Volumes at the terminals DP World controls have fallen by 2.3% in the third quarter of 2018 on a like-for-like basis led by bad results in the United Arab Emirates (UAE).

In a statement, DP World only gave volumes totals on a non like-for-like basis, meaning they include Berbera, Limassol, Doraleh, Saigon and normalise for the consolidation of Santos. These volumes fell by 3% from 9.38m teu in the third quarter of 2017 to 9.11m teu in the third quarter of 2018.

The fall was particularly steep in DP World’s most important region – Europe, Middle East and Africa – where volumes from 5.93m teu to 5.55m teu. This region includes DP World’s hub of Jebel Ali in the United Arab Emirates.