DP World container volumes up 2.4%

   The terminal operator DP World said its terminals handled 56.1 million TEUs in 2012, a 2.4 percent increase over 2011.
   DP World operates more than 60 terminals across six continents, with container handling generating about 80 percent of its revenue.  In addition, the company currently has 11 new developments and major expansions underway in nine countries.
   At “consolidated terminals,” the terminals over which DP World has control as defined by international financial reporting standards, volumes totaled 27.1 million TEUs, 1.4 percent less than in 2011.
   “After a strong start to the year we had a challenging second half. Our tight focus on cost management and higher quality revenue mean we still expect to achieve EBITDA (earnings before interest, taxes, depreciation, and amortization) in line with expectations for 2012. Lower net financing charges will benefit reported profit before tax,” said Group Chief Executive Mohammed Sharaf in a statement.
   “2013 is an exciting year for us with planned new capacity on track to open in Santos (Brazil), Jebel Ali (United Arab Emirates) and London Gateway (United Kingdom). Whilst there remains much uncertainty in the macro economy we believe we are well positioned to make further progress in 2013,” he added.