DP World first half volume rises
Dubai-based global terminal operator DP World said its first half container volume rose 2.3 percent to 13.5 million TEUs, though that growth is skewed by a change in the way the company reports volume from its five terminals in Australia.
In March, DP World stopped reporting volume from those terminals as part of its consolidated volumes, instead reporting them as part of its portfolio of joint venture assets.
The volume update issued Tuesday includes the company's consolidated volume at wholly operated terminals, which accounts for 23 of the 49 terminals in which DP World has a stake. The update also includes gross volume, which measures total volume at all terminals in which DP World has a stake.
Gross volume rose 11 percent to 26.2 million in the first half. The company said if volume at the five Australian terminals was included, its consolidated volume was 10 percent higher than in the same period in 2010. DP World also said it hadn't included the contributions of new terminals in Callao and Qingdao that opened in 2010.