DP World off to a flat start in 2019
DP World has had a slow start to 2019 with gross container volumes declining by 0.6% in the first quarter of the year to 17.5 teu across its global portfolio of container terminals.
Gross like-for-like volumes fell by 0.7% in the quarter due to higher year-on-year comparables, with the terminal operator performing particularly strongly one year ago, and softer volumes in the UAE and Australia.
The UAE suffered an 8.8% fall in volumes to 3.5m teu in the first quarter of 2019, which the company attributed to the “challenging macroenvironment and loss of lower-margin cargo.
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