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DP World reports 4.1% like-for-like gross volume growth in H1 2015

DP World Limited handled 30.6 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals during the first half of 2015, with gross container volumes growing by 4.1% on a like-for-like1 basis. On a reported basis gross volumes grew by 4.2%. Growth in the first half was largely driven by Europe and UAE terminals. The UAE delivered another solid performance handling 7.9 million TEU, representing growth of 6.0%. Encouragingly, Europe continues to show steady growth despite the difficult geopolitical environment. The Asia Pacific and the Indian subcontinent region delivered an improved performance in the second quarter and the recent capacity addition at Nhava Sheva (India) should provide further room for growth. Performance at the Americas and Australia region has been broadly flat due to soft economic conditions. DP World’s portfolio of consolidated2 terminals handled 14.4 million TEU during the first half of 2015, a 3.5% improvement when compared with the same period last year. On a like-for-like3 basis, consolidated volumes also increased 3.5%. Source: DP World

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