DP World container volume up 2%

[DUBAI] DP World, the world's third-largest port operator, yesterday reported a 2.0 per cent rise to 6.7 million TEU (twenty-foot equivalent units) in consolidated container volumes for the third quarter, on a like-for-like basis.

The company, one of the more profitable assets of debt-laden Dubai World, also said that on an unconsolidated basis, it handled 14.2 million TEU in the quarter, up 2.4 per cent from a year earlier like-for-like.

Including the impact of divestments over the past year, unconsolidated volume declined 0.4 per cent in the quarter. DP World cited an "improved performance from our Asia Pacific and UAE terminals", with the UAE accounting for 3.6 million TEU.