Port operator DP World Ltd today said its gross container volumes grew by 10.1 per cent in 2017.
"DP World Ltd handled 70.1 million TEU across its global portfolio of container terminals in the full year of 2017, with gross container volumes growing by 10.1 year-on-year on a reported basis and 9.7 per cent on a like-for-like1 basis, ahead of Drewry Maritime's global container throughput growth estimate of 6.0 per cent for 2017," the company said in a statement.
In the fourth quarter, the global portfolio grew 10.3 per cent year-on-year on a reported basis and 9.9 per cent on a like-for-like basis with consistent performance across all three DP World regions and particularly strong contributions from its terminals in Europe, Americas and Middle East and Africa, the statement said.
Benefiting from the improved trading environment and market share gains, the company's global portfolio once again delivered ahead-of-market growth in 2017 and saw strong performance across all three regions, Group Chairman and Chief Executive Officer Sultan Ahmed Bin Sulayem said.
"As we look ahead into 2018, we expect to continue to grow ahead of the market and see increased contributions from our new developments. We continue to seek opportunities in complementary sectors in the global supply chain and will maintain capital expenditure discipline by bringing on capacity in line with demand," he added.
DP World has a portfolio of 78 operating marine and inland terminals supported by over 50 related businesses in 40 nations.
Disclaimer: No Business Standard Journalist was involved in creation of this content
