Dubai- based DP World managed 47.5 million TEU throughout its international profile of container terminals throughout the initial 9 months of 2016, with gross container quantities expanding 2.2% in spite of difficult market problems.

The gross container quantity on a like-for-like basis was up 1% throughout the duration.

DP World states the development was led by its European as well as Indian subcontinent terminals, which “continue to deliver robust performance.” Conditions in Australia as well as Latin American at the same time remain to continue to be difficult. The UAE managed 11.1 million TEU, down 6.7% year-on-year as a result of a decrease in lower-margin transhipment freight.

At a combined degree, DP World terminals managed 21.9 million TEU throughout the initial 9 months of 2016, a 0.3% enhancement in efficiency on a reported basis as well as down 2.3% year-on- year on a like-for-like basis, according to DP World.

DP World Group Chairman as well as CHIEF EXECUTIVE OFFICER, Sultan Ahmed Bin Sulayem, commented:

“Despite the difficult market problems, especially in natural deposit reliant economic situations, our profile remains to provide development, which once more shows the advantages of running an around the world varied profile.

“While the near-term international profession development expectation shows up soft, we anticipate our brand-new advancements in Rotterdam (Netherlands), Nhava Sheva (India), London Gateway (United Kingdom) as well as Yarimca (Turkey) to drive development in our profile.

“We will continue to maintain capital expenditure discipline by bringing on capacity in line with demand, while focusing on targeting higher margin cargo, improving efficiencies and managing costs to drive profitability. Given the performance in the first nine months, we are well placed to meet full year market expectations.”