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DP World volumes grew 15% in Q1

Dubai: DP World has reported that volumes at its 49 operational terminals worldwide grew 15% to 11.2m TEU in the first quarter of this year compared with the same period last year. Led by strong demand in the Asia-Pacific region and Australia, first-quarter volumes also exceeded 2008 levels. "The return of volume growth in 2010, combined with cost reduction and efficiency initiatives, will deliver an improvement in results over last year," Mohammed Sharaf, chief executive, said in a statement. [26/04/10]

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