DP World global container volumes rise with 1.9% during 2018
Terminal operator DP World saw both its year-on-year and like-for-like (LFL) volume increase in 2018, despite global trade uncertainty Being the world’s fourth-largest port operator, DP World reported 1.9 % year-on-year increase in container volumes globally in 2018.
DP World handled 71.4 million TEU across its global portfolio of container terminals in 2018, slightly above the previous year.
Specifically, its domestic terminals reached 15 million TEU in 2018, a decrease of 2.7% year-one-year.
DP Handled 36.8 million TEU in 2018
Also, Europe and Americas portfolio saw strong growth with continued ramp-up in London Gateway (UK), Yarimca (Turkey) and Prince Rupert (Canada), while performance in Africa remains robust driven by Dakar (Senegal) and Sokhna (Egypt).
Its worldwide terminals handled 36.8 million TEU in 2018, experiencing an increase by 0.8% and up by 0.4% year-one year. Sultan bin Sulayem, group chairman and chief executive of DP World said. “Our global portfolio has delivered growth on top of our strong prior year performance and despite the uncertainty with global trade,”
Jebel Ali Free Zone expansion planned
DP World operates Jebel Ali, a major trans-shipment port and the largest port in the UAE, and the Mina Rashid port.
Last week, DP World announced plans to spend between Dh500 million and Dh1 billion to expand Jebel Ali free zone this year and said it was scouting for new acquisitions following a deal to buy a Chilean ports operator last month.
“Looking ahead to 2019, we expect our portfolio to continue to deliver growth and our focus remains on delivering operational excellence, managing costs and disciplined investment,” Sultan bin Sulayem added.