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DP World reports 10.1% growth in container throughput in 2017 to hit 70.1m teu

DP World reports 10.1% growth in container throughput in 2017 to hit 70.1m teu
DP World’s worldwide container volumes grew 10.1% to 70.1m teu in 2017 outstripping forecast market growth as a whole.

The growth in gross reported volumes of 10.1% to 70.1m teu was considerably higher than Drewry Maritime’s global container growth forecast of 6%. On a like-for-like basis growth was 9.9% in 2017,

“Benefitting from the improved trading environment and market share gains, our global portfolio once again delivered ahead-of-market growth in 2017 and has seen strong performance across all three regions,” commented Sultan Ahmed Bin Sulayem, group chairman and ceo DP World.

The fastest growing region was also the smallest in volume terms with Americas and Australia reporting 13.8% growth to hit 8.8 teu last year. Europe, the Middle East and Africa grew 11.5% to 29.4m teu, while Asia Pacific and the Indian sub-continent reported 7.9% growth to 31.9m teu.

DP World’s home volumes in the UAE, which are included in the Europe, Middle East and Africa region, were up 4% at 15.4m teu.

“We are also pleased to see stable performance in the UAE as volumes continue to grow in the fourth quarter of 2017 amidst uncertainty in the region and tougher year-over-year comparables. The performance across our other terminals in the Middle East & Africa remains strong in addition to Europe and the Americas,” Bin Sulayem said.

In 2018 DP World expects its growth to continue to remain ahead of the market and remains on the lookout for opportunities. “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.”

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