Port Operator handles 17.6 million TEUs during this period
DP World Limited handled 17.6 million TEUs (twenty-foot equivalent units) across its global portfolio of container terminals in the first quarter of 2018, with gross container volumes growing by 7.3% year-on-year on a reported basis well ahead of Drewry Maritime’s industry estimate of 4.6% global throughput growth for Q1-2018.
T
he first quarter witnessed a continuation of the recovery in global trade and all three regions delivered growth, especially the terminals in Europe, Middle East and Africa and Australia. UAE continued to deliver stable growth and handled 3.8 million TEUs, growing 2.9% year-on-year in Q1-2018.
“Following a strong year for the global container market in 2017, our portfolio has had an encouraging start to 2018 delivering ahead-of-market growth. The robust performance was delivered across all three regions and UAE continues to stabilize,” commented Sultan Ahmed Bin Sulayem, Group Chairman and CEO.
