DP World posts 8.9pc volume increase to 60 million TEU in 2014GLOBAL terminal operator, Dubai's DP World, posted an 8.9 per cent year-on-year increase in container throughput to 60 million TEU across all its terminals in 2014.
"With volume growth of 8.9 per cent in 2014 we believe we have once again outperformed the expected 2014 market growth of five per cent," said DP World chairman Sultan Ahmed Bin Sulayem.
"This demonstrates that a portfolio focused on origin and destination cargo and faster growing markets continues to be the right strategy. Our new developments at London Gateway and Embraport contributed to our excellent 2014 performance," he said.
Growth in 2014 was largely driven by the Asia Pacific and India subcontinent region, Europe and UAE terminals. UAE volume growth was 11.8 per cent to 15.2 million TEU. Europe showed a solid return to volume growth in 2014.
"At a consolidated level, our terminals handled 28.3 million TEU during 2014, a 9.5 per cent improvement in like-for-like performance. On a reported level, the growth rate of 8.7 per cent in consolidated volumes reflects the deconsolidation of Hong Kong assets in June last year," said the DP World statement.The company plans to add capacity terminals in the Netherlands, Turkey, India and the UAE, as well develop a logistics hub in Belgium.
"With volume growth of 8.9 per cent in 2014 we believe we have once again outperformed the expected 2014 market growth of five per cent," said DP World chairman Sultan Ahmed Bin Sulayem.
"This demonstrates that a portfolio focused on origin and destination cargo and faster growing markets continues to be the right strategy. Our new developments at London Gateway and Embraport contributed to our excellent 2014 performance," he said.
Growth in 2014 was largely driven by the Asia Pacific and India subcontinent region, Europe and UAE terminals. UAE volume growth was 11.8 per cent to 15.2 million TEU. Europe showed a solid return to volume growth in 2014.
"At a consolidated level, our terminals handled 28.3 million TEU during 2014, a 9.5 per cent improvement in like-for-like performance. On a reported level, the growth rate of 8.7 per cent in consolidated volumes reflects the deconsolidation of Hong Kong assets in June last year," said the DP World statement.The company plans to add capacity terminals in the Netherlands, Turkey, India and the UAE, as well develop a logistics hub in Belgium.