DP World container volumes up 5% in H1 2018

DP World said its gross container volumes grew by 4.8 percent in the first half of 2018 compared to the same period last year, as a result of an upswing in global trade, it said in a statement on Tuesday.

The Dubai-based ports operator handled 35.6 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals.

Gross container volumes grew by 4.8 percent year-on-year (YoY) on a reported basis and 6.0 percent on a like-for-like basis.

The UAE handled 7.7 million TEU in H1 2018, remaining broadly flat YoY.

On a consolidated level, DP World terminals handled 18.6 million TEU, a 4.0 percent improvement in performance on a reported basis and up 4.5 percent YoY on a like-for-like basis.