DP World estimates 10% volume growth
DP World has stated it is on course to deliver approximately 10% growth in gross volumes for 2017.
The company attributed its growth to growing global trade opportunities, diversifying its business across the supply chain - including with acquisitions, and exploring smart innovation technologies.
DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem, said: “The recovery of global trade in 2017 has been stronger than expected and we are pleased to have outperformed market growth once again. We are on course to deliver approximately 10.0% growth in gross volumes for 2017, and look forward to continued growth in 2018.”
Notable projects include the opening of the expansion at Prince Rupert in Canada, the launch of a new cruise terminal at DP World Limassol in Cyprus, work on a new logistics centre in Kigali (Rwanda) and at a new terminal project in Posorja (Ecuador).
In Asia Pacific, the company saw the consolidation of Pusan (South Korea), while in Africa DP World Berbera port (Somaliland) started operating under a 30-year concession.
In the Americas, DP World took 100% ownership of Embraport in Brazil. Acquisitions also included Dubai Maritime City and Drydocks World.
DP World additionally stepped up container handling productivity at its flagship Jebel Ali Port, by adding 1.5m teu to Container Terminal 3 (T3).
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