DP World’s container volume up 9.5% in 2012
Dubai-based marine terminal operator, DP World Limited, has announced that its global terminals have seen a 9.5% increase in gross container volume in the first quarter of 2012. In the first three months of this year, DP World has already handled 13.8 million twenty-foot equivalent units (TEUs).
DP World’s strong first quarter showing was due largely to an increase in commodity demand in Asia and the Indian Subcontinent region. Across the two regions, container volume grew 14.6%.
DP World Chairman Sultan Ahmed Bin Sulayem, iterated, “The global macroeconomic uncertainty has continued into 2012. With our portfolio focused on the faster growing emerging markets and more stable origin and destination (O&D) markets, we remain committed to delivering improved operational and financial performance over 2011”.
The company’s flagship port, Jebel Ali, just outside of Dubai, also posted a strong first quarter by handling 3.2 million TEUs, amounting to an 8.5% growth.