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DP World announces an increase in container turnover over the past 9 months

DP World, one of the largest port operators in the world, reported in a report on processing of 53.6 million TEU in January-September 2018, which is 2.6% more than in the same period last year.

However, compared with the previous quarter, the volume decreased by 1.4%, that is, to 18 million TEU in the third quarter, which is explained by part of the smaller volumes in the UAE.

In the United Arab Emirates alone, DP World handled 11.3 million TEU in the first nine months of the current year, which is 2.1% less than in the previous year. The volume of the third quarter of 2018 decreased by 6.7% compared with the previous year due to the difficult macroeconomic environment.

The fall in the volume of the UAE led to a decline in the European region, the Middle East and Africa in the third quarter by 7.3 million TEU, which is 4.4% less than in the previous year. This situation has developed despite the local growth in turnover in London and Rotterdam.

In the Asia-Pacific region and the subcontinent of India, growth was only 0.6%, and the volume of the third quarter was 8.4 million tons.

Although in the first nine months there was an increase in the turnover of containers in the world, the growth rate slowed down due to a fairly high level of last year and general caution in the market, given the uncertainty in world trade.

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