Bloomberg

 

DP World Expects to Outperform Market Growth in 2014

 July 24, 2014

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DP World Ltd. (DPW), the world’s third-largest port operator, said it is confident of exceeding industry growth predicted to reach about 5 percent in 2014 as it adds capacity and global trade picks up.

 

First-half throughput grew 9.3 percent on a like-for-like basis to 29.4 million twenty-foot equivalent units across its group of container terminals, it said in a statement to Nasdaq Dubai today. On a reported basis, gross volumes grew about 11 percent, driven by new volume at its U.K. operations and the Embraport terminal in Brazil.

 

DP World will continue to focus on driving profitability by targeting higher-margin throughput and containing costs, it said. Growth in the first half was driven mainly by Asia Pacific, India, Europe and the United Arab Emirates terminals, the company said. It will increase capacity at its Jebel Ali port in the UAE as it adds four million TEU capacity this year, taking the total to 19 million TEU.

 

“We have seen a return to healthy volume growth in 2014 due to the addition of new capacity and a pick-up in global trade,” said DP World Chairman Sultan Ahmed Bin Sulayem.

 

 

DP World posts growth

Dubai’s DP World handled 29.4m teu in the first half of 2014, up 9.3% year-year.

Jebel Ali

The container ports giant said new volumes at London Gateway in the UK and Embraport in Brazil contributed to the increase.

The UAE delivered another strong performance, it added, handling 7.4m teu, up 14.1%.

Chairman Sultan Ahmed Bin Sulayem said: “As anticipated, we have seen a return to healthy volume growth in 2014 due to the addition of new capacity and a pick-up in global trade.

“After a strong first quarter we have continued the positive momentum reporting an even stronger second quarter and overall very solid half year numbers.”

The company said the market is forecast to grow at approximately 5% in 2014, and it believes it can outperform this

 

DP World H1 Gross Container Volumes Up 10.7%

Volumes were boosted by new business at its London Gateway facility and Embraport in Brazil.

Beuters

DP World, one of the world’s biggest port operators, said on Thursday that its gross container volumes rose 10.7 per cent from a year earlier in the first half of 2014.

Volumes totalled 29.4 million twenty-foot equivalent units (TEU), boosted by new business at its London Gateway facility and Embraport in Brazil.

Consolidated volumes, at terminals over which DP World has control, rose 8.5 per cent to 13.9 million TEU.

 

 

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