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            november 14, 2019

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DP World terminals total throughput up 2.4pc in 3Q to 14.2 million TEU


Dubai's DP World container terminals worldwide handled a total of 14.2 million TEU in the third quarter of 2013, an increase of 2.4 per cent compared to the same period last year, according to the Shipping Gazette.
The improved performance was mainly driven by the company's Asia Pacific and UAE terminals.
Throughput at UAE terminals rose 5.4 per cent year on year to a record 3.6 million TEU, while volumes in the first nine months of the year surpassed 10 million TEU for the first time.
Third quarter container volume handled by its portfolio of consolidated terminals was up two per cent to 6.7 million TEU on the back of the UAE's record performance.
The group's consolidated terminals in the Asia Pacific and the Indian subcontinent region are showing signs of stability, a company statement said.
"We are very pleased to announce a robust throughput performance for the third quarter of 2013. In particular, our flagship UAE operation has recorded the best quarter in its history, reflecting the continued growth in Dubai, the UAE and the wider region," DP World chairman Ahmed Bin Sulayem said.
"The addition of one million TEU capacity in June this year and the four million TEU of capacity due to come on line in 2014 ensure that we are well placed to cater for future growth," said Sultan Bin Sulayem.
"London Gateway (UK) remains on track to open in the fourth quarter with its first official vessel call scheduled in November," he said.
During the third quarter, the Embraport facility in Brazil began test operations, and is serving vessels as it prepares to become fully operational in the fourth quarter of this year.
Said DP World CEO Mohammed Sharaf: "After a challenging first half in 2013 we are encouraged by the positive uplift witnessed in the third quarter. Accordingly market guidance of gross like-for-like volumes in line with 2012 remains unchanged.
"With market conditions still uncertain, we continue to focus on driving profitability by targeting higher margin throughput and improving efficiencies. We remain confident of meeting full year market expectations," he said.

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