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Mon 27 Apr 2015 12:20 PM

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Dubai's DP World posts 4.4% rise in Q1 gross container volumes

Growth was driven by performance in Europe, Asia and the UAE

Dubai's DP World posts 4.4% rise in Q1 gross container volumes

Dubai's DP World, one of the world's biggest port operators, reported on Monday a 4.4 percent rise in gross container volumes on a like-for-like basis in the first quarter of 2015.

Gross volumes totalled 15 million 20-foot equivalent units (TEU) in the opening three months of 2015, the company said in a bourse filing, driven by performance in Europe, Asia and the UAE - where year-on-year growth was 7.7 percent.

The firm added that business conditions in Australia were mixed in the quarter, while new capacity at its Nhava Sheva operations in India, due to come on line during the first half of 2015, would help ease the constraints which weighed on performance there.

Consolidated volumes, at terminals over which DP World has control, rose 4.5 percent on a like-for-like basis in the first quarter to 7.1 million TEU.

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