(MENAFN- Khaleej Times) DP World Limited on Tuesday said it handled 47.5 million twenty-foot equivalent units (TEUs) across its global portfolio of container terminals during the first nine months of 2016, with gross container volumes growing by 2.2 per cent on a reported basis, and up one per cent on a like-for-like basis. "Our European and Indian subcontinent terminals continue to deliver a robust performance, while conditions in Australia and Latin America remain challenging," the Dubai-based firm said in a statement.
It further said the UAE handled 11.1 million TEUs, reflecting a 6.7 year-on-year decline due to a reduction in lower-margin transhipment cargo. "At a consolidated level, our terminals handled 21.9 million TEUs during the first nine months of 2016, a 0.3 per cent improvement in performance on a reported basis and down 2.3 per cent year-on-year on a like-for-like basis," the statement said.
DP World Group Chairman and CEO, Sultan Ahmed bin Sulayem, said: "Despite the challenging market conditions, particularly in natural resource dependent economies, our portfolio continues to deliver growth, which once again demonstrates the benefits of operating a globally diversified portfolio."-
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