GLOBAL container terminal operator, UAE-headquartered DP World, handled 34 million TEU at its terminals worldwide during the first half of 2017 up 8.2 per cent on the 31.4 million TEU in the same period in 2016.
Growth was particularly strong in the second quarter 2017 with a 10.7 per cent increase in volumes to 17.6 million TEU compared to 15.8 million TEU in the corresponding period in the previous year.
DP World noted the double-digit growth witnessed in Q2 compared to a forecast by consultants Drewry Maritime of 4 per cent growth in global container volumes in 2017, which it made in June this year upgrading from a previous prediction of 2.8 per cent growth.
"Our portfolio has delivered ahead-of-market growth benefitting from the improved trading environment in 2017 and market share gains from the new shipping alliances, driving volumes in the second quarter," commented Sultan Ahmed Bin Sulayem chairman and CEO of DP World.
"All three geographic regions, which DP World breaks its business into, delivered growth in the first half of 2017. The robust performance was delivered across all three regions, which once again demonstrates that we have the right strategy and the relevant capacity in the key markets," he said.
Fastest growing was the smallest in volume terms - Americas and Australia - which saw 12 per cent growth to 4.19 million TEU in the first half up from 3.8 million TEU a year earlier.
Europe, the Middle East and Africa reported 9 per cent growth to 14.3 million TEU in the first half of 2017 compared to 13.1 million TEU in the corresponding period a year earlier.
Asia Pacific and the Indian sub-continent was the slowest growing region with a 6.5 per cent increase in volumes to 15.5 million TEU in the first half of 2017 compared to 14.6 million TEU in H1 2016.
DP World's homebase of UAE with its flagship Jebel Ali terminal saw 4.3 per cent growth in the first half to handle 7.7 million TEU up 4.3 per cent from 7.4 million TEU a year earlier, Seatrade Maritime News of Colchester, UK, reported.
"We are pleased to see our terminals in the Americas and Europe continue to deliver growth. Encouragingly, UAE volumes have improved and we continue to expect our portfolio's volume growth to outperform the market," the chairman said.
"Given the encouraging first half performance, we remain well placed to meet full year 2017 market expectations."
Source: SchednetPrevious Next