Dubai Port World (DP World), the Dubai World subsidiary, has overtaken APM Terminals to become the third largest ports company, handling some 31.5m TEUs compared with the Hague-based firm's 31.1m.
DP World holds 6.7 per cent of the global market share, just behind Hutchison Port Holdings, with 6.8 per cent, the Economic Times reported.
The number one position was assumed by Singapore's PSA International, with a 9.5 per cent share of the market.
The Dubai-based port operator has recently announced 'encouraging' financial results for the first six months of the year, reflecting a resurgence in container volumes across DP World's portfolio.
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