DP World announce 10% growth

The global economic climate doesn’t seem to be affecting DP World’s growth The global economic climate doesn’t seem to be affecting DP World’s growth
Industry Database

This morning, DP World announced a solid third quarter with gross handling volumes up to 14.4 million teu – 10% up on the same quarter last year.

Mohammed Sharaf, chief executive DP World, told Port Strategy in this morning’s press conference: “We will continue to focus on the emerging market and where our customers want us to be. This is a with a view to achieving our 96 million teu target for gross volume by 2024”.

In the conference, DP World said that they expected the fourth quarter of 2011 to be just as strong for them in terms of company growth. “We expect the same strong trends to continue for us. There are no signs of nervousness reflected by the global economy that we’ve seen thus far", they said.

Gross volumes for the first nine months of 2011 were 40.6 million teu or 11% ahead of 2010. This, they say, is partly driven by strong growth in the Asia Pacific, UAE, Africa and the Americas. Also, due to new volumes from newly acquired Suriname and additional capacity in Callao, Peru and Qingdao, China.

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