DP World sails through first half

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Tobias Gourlay

BY TOBIAS GOURLAY

DP World sails through first half

Dubai-based port operator DP World records 11 per cent year-on-year growth for first half

DP World sails through first half

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DP World has reported gross volumes of 26.2m twenty-foot equivalent units (TEU) for the first six months of 2011.

The result was driven by strong growth at the Dubai-based port operators existing facilities in Africa, the Americas, Asia Pacific and the UAE – like-for-like gross volume growth was 10 per cent – but new volumes from recently opened ports in Callao (Peru) and Qingdao (China) also contributed.

Mohamed Sharaf, chief executive, said: "As we go into the second half of the year, there is some uncertainty around the global economy making it difficult to forecast how global trade will develop. Whist this uncertainty is not, as yet, reflected across our portfolio, and with our focus on the more resilient emerging markets we still expect to deliver full-year results in line with expectations."

Sharaf was especially pleased with performance in the UAE, where a record 6.1m TEU were handled between the start of January and the end of June this year.

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