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05-02-2019 Media in\ Dubai
Dubai Ports World (DP World) today announced that it will handle 71.4 million TEU / 20 feet TEUs through its global business portfolio in 2018, recording an annual increase in total account volumes based on accounting reporting of 1.9 per cent and an increase of 2.9 per cent on the basis of home comparison.
The volume of total handling remained stable in the fourth quarter despite volumes in the UAE and difficult annual comparisons as volumes grew by 10.3 percent in the fourth quarter of 2017. While the UAE handled 15 million TEUs in 2018, an annual decline of 2.7 percent .
DP World’s consolidated terminals handled 36.8 million TEUs in 2018, improving their performance by 0.8 per cent on the basis of accounting reports and an annual growth of 1.4 per cent on the basis of home comparison.
Sultan Ahmed Bin Sulayem, Chairman and CEO of DP World, said: “We are delighted that the Group’s global business portfolio has grown, given the strong performance of the previous year and the uncertainties in global trade. The Group’s plants in Europe and the Americas have seen strong growth With improved performance at the London Getaway in the UK, Yarmesha in Turkey and Prince Rupert in Canada. In Africa, the stations in Dakar in Senegal and Sukhna in Egypt have contributed to Region.
In 2018, DP World has made significant progress in enhancing its product offerings, diversifying its business to a wider range of global supply chains and delivering more intelligent long-term solutions to cargo owners, he said. He expects their portfolio to continue to grow. To achieve operational excellence, expense management and disciplined investment to keep Dubai Ports a preferred trading partner.
