Terminal operator DP World saw both its year-on-year and like-for-like (LFL) volume increase in 2018, despite global trade uncertainty. DP World handled 71.4 million TEU across its global portfolio of container terminals in 2018, with gross container volumes growing by 1.9% YoY on a reported basis and 2.9% on an LFL basis.
Specifically, its domestic terminals reached 15 million TEU in 2018, a decrease of 2.7% YoY.
Its global terminals handled 36.8 million TEU in 2018, experiencing an increase by 0.8% and up by 0.4% YoY on an LFL basis.
Sultan Ahmed Bin Sulayem, DP World CEO, reported that the company performed well opposing to geopolitical uncertainties.
Also, Europe and Americas portfolio saw strong growth with continued ramp-up in London Gateway (UK), Yarimca (Turkey) and Prince Rupert (Canada), while performance in Africa remains robust driven by Dakar (Senegal) and Sokhna (Egypt)
He continued stating that in the UAE the volumes were softer because of the loss of low-margin throughput.
Concluding, he addressed that the port awaits for 2019.
