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

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



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.