DP World’s Q2 container volumes rise 10% across global ports

Dubai-based port operator DP World on Tuesday said its gross container volumes rose by 10.4 percent year-on-year (YoY) on a like-for-like basis and 10.7 percent on a reported basis in the second quarter of 2017.

Gross container volumes grew 8.2 percent YoY on a reported basis and 7.7 percent on a like-for-like basis in the first half of the year, DP World said in a statement.

The company handled 34 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the first half of 2017.

In Q2, DP World handled 17.6 million TEUs.

“Our portfolio has delivered ahead-of-market growth benefitting from the improved trading environment in 2017 and market share gains from the new shipping alliances, driving volumes in the second quarter,” Sultan Ahmed Bin Sulayem, group chairman and CEO, said in the statement.