DP World Reports 8.9% Growth in Container Volume

Dubai-based marine terminal operator DP World Limited says it dealt with 60 million TEU throughout its world portfolio of container terminals in 2014, with gross container volumes rising by 8.9% with assist from new quantity at London Gateway within the UK and Embraport in Brazil.

On a like-for-like foundation, ie not counting the brand new quantity at London Gateway and Embraport, DP World says container volumes for the 12 months grew by 8.0%.

DP World attributes the expansion in 2014 largely to the Asia Pacific and India Subcontinent area, Europe and UAE terminals. The UAE delivered a powerful efficiency dealing with 15.2 million TEU, representing progress of 11.8% for the 12 months, DP World mentioned. Europe confirmed a strong return to quantity progress in 2014, the corporate added.

At a consolidated stage, DP World’s terminals dealt with 28.3 million TEU throughout 2014, a 9.5% enchancment in like-for-like efficiency. On a reported stage, the expansion charge of 8.7% in consolidated volumes displays the deconsolidation of Hong Kong belongings in June final 12 months, DP World mentioned.

Commenting on the expansion, Chairman Sultan Ahmed Bin Sulayem mentioned:

“With quantity progress of 8.9% in 2014 we imagine we have now as soon as once more outperformed the anticipated 2014 market progress of roughly 5%. This demonstrates {that a} portfolio targeted on origin and vacation spot cargo and sooner rising markets continues to be the precise technique to comply with. Our new developments at London Gateway and Embraport contributed to our wonderful 2014 efficiency.

“Our flagship Jebel Ali port continues to succeed in report highs with 15.2 million TEU dealt with in 2014. The opening of an extra 2 million TEU capability within the third quarter of 2014 has alleviated constraint and can present the capability we have to obtain additional quantity progress at Jebel Ali. An additional 2 million TEU is predicted to come back on line within the second half of this 12 months taking complete Jebel Ali capability to 19 million TEU.

“Given the sturdy quantity efficiency in 2014, we count on to satisfy full 12 months market expectations. As we glance forward into 2015 we have now various thrilling developments, together with new capability approaching stream in The Netherlands, Turkey, India and The United Arab Emirates, the event of a logistics hub in Belgium and additional built-in ports and logistics options for our clients with the completion of our JAFZA acquisition.

“Although some of our terminals continue to operate in a challenging macro environment, market conditions across the portfolio are expected to be generally favorable in 2015. This coupled with the addition of new capacity, stands us in good stead for volume growth in line or slightly ahead of the market this year.”