DP World 2014 Gross Container Volumes Up 8% Like-For-Like

Dubai’s DP World, one of the world’s biggest port operators, reported on Tuesday an eight per cent rise in gross container volumes on a like-for-like basis in 2014, with the increase at 8.9 per cent on a reported basis.

Gross volumes totalled 60 million 20-foot equivalent units (TEU) in 2014, driven by new developments in Britain and Brazil, the company said in a statement.

Its business in the United Arab Emirates climbed 11.8 per cent. Volume growth resumed in Europe and there was continued growth in the Asia-Pacific and Indian subcontinent regions.

Consolidated volumes, at terminals over which DP World has control, rose 9.5 percent on a like-for-like basis in 2014 to 28.3 million TEU. On a reported basis, the increase was 8.7 percent because of deconsolidation of assets in Hong Kong in June, it added.