DP World container volumes surge in first half on growth in Europe
Deena Kamel | July 24, 2018 | Updated: July 24, 2018 01:04 PM
Global ports operator DP World reported an increase in first-half container volumes, bolstered by growth in its Europe and Australia terminals, despite geopolitical challenges and trade policy changes creating uncertainty in the market.
Gross container volumes grew 4.8 per cent on a reported basis in the first six months of the year compared to the same period in 2017 and 6 per cent on a like-for-like basis, DP World said in a statement on Tuesday to Nasdaq Dubai, where its shares are listed. Like-for-like basis does not include new capacity additions.
The ports operator handled 35.6 million twenty-foot equivalent units (TEUs) in the first half.
Comments are closed