DP World's throughput grows 11 per cent, handles 26.2 million TEU in H1-2011

DP World has reported an 11 per cent growth in its global portfolio of container terminals, which continued to build on the excellent start to 2011, extending the momentum into the second quarter.

Gross volumes for the first six months of the year were 26.2 million TEU or 11 per cent ahead of the prior year, DP World said in a release.

This performance was driven by strong growth in the Asia Pacific, UAE, Africa and the Americas, as well as new volumes from recently opened capacity in Callao, Peru and Qingdao, China.

Like for like gross volume growth was 10 per cent.

"Our portfolio of consolidated terminals handled 13.5 million TEU in the first six months of the year. Had our five terminals in Australia not been deconsolidated from 12 March 2011, the consolidated terminals would have delivered 10 per cent growth ahead of the same six-month period in 2010. Like for like consolidated volume growth in the first half was 8 per cent," the release added.

The UAE handled 6.1 million TEU in the first six months of the year, with a record 3.1 million TEU handled during April, May and June. Whilst the first six months delivered an 11 per cent growth from the same period last year, this continues to reflect a relatively weak comparable period in the first half of 2010, it noted.