DP World informed that it handled a record volume, as it handled 70.1 million TEU across its global portfolio of container terminals in 2017, with gross container volumes increasing by 10.1% year-on-year on a reported basis and 9.7%.
In the fourth quarter, the global portfolio grew by 10.3%, with consistent performance across all three DP World regions, noting strong contributions from terminals in Europe, Americas and Middle East & Africa.
The UAE handled 15.4 million TEU in 2017, up by 4% year-on-year. DP World’s terminals also handled 36.5 million TEU in 2017, a 24.7% improvement in performance.
Group Chairman and Chief Executive Officer Sultan Ahmed Bin Sulayem, said: “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. Over the years, we have deployed the relevant deep-water capacity in key markets, focusing on a diversified portfolio which continues to benefit from the recovery in global trade.”
