DP WORLD's container terminals across its global portfolio handled 55 million TEU last year, with gross container volumes growing by 0.7 per cent on the previous year.
The second half of the year delivered a stronger performance with volumes growing 3.6 per cent on the prior period on a like-for-like basis, the company said in a statement.
On a reported basis gross volumes declined 1.9 per cent mainly due to the monetisation of one of its Hong Kong assets, it said.
At a consolidated level, DP World's terminals handled 26 million TEU during 2013, a decrease of 4.05 per cent compared to the previous year's total of 27.1 million TEU.
All three reporting regions displayed a stronger performance in the second half of the year, driven largely by an improved performance from the Asia Pacific, Australia and UAE terminals, while Europe continues to show signs of stability.
The UAE delivered another record year handling 13.6 million TEU, representing growth of 2.7 per cent. However, consolidated Asia Pacific and India Subcontinent volumes declined by 14.8 per cent to 4.6 million TEU from 5.4 million TEU in 2012.
Chairman Sultan Ahmed Bin Sulayem said: "We are pleased to deliver gross like-for-like throughput growth in 2013, despite the challenging macroeconomic backdrop.
"We are encouraged by the volumes handled at our flagship Jebel Ali port, with our UAE operation recording the best year in its history. This reflects the continued growth of Dubai, the UAE and the wider region.
"The one million TEU expansion of Jebel Ali's Terminal 2 contributed to that record result, and this year, we will add four million TEU new capacity at Terminal 3 to ensure we are well placed to handle future capacity demand in Dubai.
"Our London Gateway facility and our facility in Brazil, Embraport, both opened for business in the second half of 2013 and we look forward to their contribution during 2014 and beyond."
Group chief executive Mohammed Sharaf, added: "Economic headwinds combined with limited spare capacity across our portfolio constrained our ability to grow volumes further in 2013.
"However, the addition of new capacity in 2014 combined with a projected pick-up in global trade should allow us to return to a more normalised growth rate"
PORTS
09 February 2014 - 22:51
DP World's global box terminals handle 55 million TEU in 2013
DP WORLD's container terminals across its global portfolio handled 55 million TEU last year, with gross container volumes growing by 0.7 per cent on the previous year.
PORTS
09 February 2014 - 22:51
DP World's global box terminals handle 55 million TEU in 2013
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