DP World’s global volumes up to 71m teu

DP World handled 71.4m teu across its global portfolio of container terminals in 2018, representing 2.9% like-for-like growth, despite a decline at its UAE-hub due to a reduction in low-margin cargo.

Volumes fell by 2.7% last year to 15m teu at its flagship facilities in the UAE although this was offset by steady improvements across its worldwide portfolio.

Sultan Ahmed bin Sulayem, group chairman and CEO of DP World, said: “Our Europe and Americas portfolio saw strong growth with continued ramp-up in London Gateway (UK), Yarimca (Turkey) and Prince Rupert (Canada), while performance in Africa remains robust driven by Dakar (Senegal) and Sokhna (Egypt).