DP World Q3 gross container volumes rise 13.5%

[DUBAI] DP World, one of the world's largest port operators, reported on Tuesday a 13.5 per cent increase in third-quarter gross container volumes, and said it expects to meet full-year market expectations.

The Dubai state-owned company handled 18,282 twenty-foot equivalent units (TEUs) in the July-September period, compared with 16,103 TEUs a year earlier.

Its terminals in the Americas and Australia recorded the strongest percentage growth, up 18.1 per cent, while Europe, the Middle East and Africa grew by 14.3 per cent. The Asia-Pacific and the Indian subcontinent was up 11.6 per cent.

Container volumes at its terminals in the United Arab Emirates, which are included in the Europe, the Middle East and Africa region, increased 5.3 per cent.

The UAE has closed its ports to ships travelling to and from Qatar since June as part of a political dispute between some Arab countries and Qatar.

REUTERS