DP World Q2 Gross Container Volumes Up 10.4% Like-for-like

Tuesday, 25th July 2017

The UAE’s ports operator DP World posts a rise in second-quarter gross container volumes by 10.4% on a like-for-like basis and 10.7% on a reported basis, Invest-Gate reports.

DP World handled 17.6 mn twenty-foot equivalent units (TEUs) in the three months to June 30, the company says in a statement.

Volumes in the second quarter were driven by improved trading conditions and market share gain from new shipping alliances, says DP World Chairman Sultan Ahmed bin Sulayem.

Half-year gross container volumes rose 7.7% on a like-for-like basis and 8.2% on a reported basis. DP World handled 34 mn TEUs in the six months.

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