DP World container throughput up 3.2% in 2016

DP World gross container throughput increased by 3.2% in 2016 to 63.7m TEUs and 2.2% like-for-like, surpassing industry growth of just 1.3%. However, at a consolidated level (where DP World has control of terminals as defined under IFRS), container volumes expanded by just 0.4% to 29.2m TEUs and on a like-for-like basis volumes were in fact down by 1.6%.

By region, on a gross volume basis, Asia Pacific & India Subcontinent volumes registered the most impressive like-for-like growth (+4.6%), followed by Europe, Middle East and Africa (+0.9%), whereas Americas & Australia throughput contracted (-2.4%).

Group Chairman and Chief Executive Officer Sultan Ahmed Bin Sulayem commented: “We are pleased to see volumes stabilising in the UAE and as we look ahead into 2017, we expect our new developments in Rotterdam (Netherlands), Nhava Sheva (India), London Gateway (United Kingdom) and Yarimca (Turkey) to drive growth in our portfolio.”

Source: DP World