DP World volumes grow nearly 11% in Q2 2017

The Dubai-based port terminal operator handled 34 million TEUs across its global portfolio of container terminals in the first half of 2017, with gross container volumes growing 8.2 percent year-over-year, according to recent data from the company.

   Marine terminal operator and maritime services company DP World Ltd. handled 34 million TEUs across its global portfolio of container terminals during the first half of 2017, with gross container volumes growing 8.2 percent year-over-year, the company said in a statement Tuesday.
   Second quarter 2017 throughput growth rates rose to 10.7 percent year-over-year, the company said, well above Drewry Maritime’s estimate of 4 percent throughput growth for the industry at large.
   “The first half of 2017 witnessed an improvement in global trade and all three DP World regions saw growth rates accelerate in the second quarter of 2017, particularly our terminals in Europe and the Americas,” the company said.
   The three regions referenced were Australia and the Americas; Asia Pacific and Indian Subcontinent; and the Middle East, Europe and Africa.
   DP World terminals in the Australia and Americas region handled 4.19 million TEUs during the first half of the year, up 12 percent from the 3.74 million TEUs during the same period last year. During the second quarter, the region saw 2.1 million units, a 17 percent jump from 2Q 2016’s 1.8 million TEUs, according to the data.
   Europe, Middle East and Africa regional volumes rose nine percent during the first half of the year, while those in the Asia Pacific and Indian Subcontinent region were up 6.5 percent during the same time period, according to DP World data.
   “We are pleased to see our terminals in the Americas and Europe continue to deliver growth,” DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem said in a statement. “Given the encouraging first half performance, we remain well placed to meet full year 2017 market expectations.”
   Dubai-based DP World holds a portfolio of 78 operating marine and inland terminals. In 2016, it handled over 64 million TEU across its portfolio.