08-05-2017

DP World's Q1 box throughput rises 5.7pc to 16.4m TEU

DPword

DP World's gross volumes rose by 5.7 per cent year on year to 16.4 million TEU in the first quarter, representing a strong showing given the market average, which according to London-based analysts Drewry, was 2.6 per cent.

Across its global portfolio of container terminals, tonnage increased by 19.9 per cent to 8.7 million TEU, the Dubai-headquartered company announced.

Its gross volumes grew by 5.8 per cent in Australia, the Asia Pacific and on the Indian Subcontinent; up by 5.2 per cent in Europe, Middle East and Africa; and by seven per cent in the Americas.

"There are signs of a gradual improvement in the market environment in 2017 and our portfolio has had an encouraging start to the year delivering ahead-of-market growth," commented chairman and CEO, Sultan Ahmed Bin Sulayem.

"The robust performance was delivered across all three regions, which once again demonstrates that we have the relevant capacity in the right markets?we remain well placed to meet full year 2017 market expectations."

Source: Schednet

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