Dubai's global port operator DP World container terminals worldwide handled 29.4 million TEU during the first half of 2014, an increase of 9.3 per cent year on year, according to Shipping Gazette.
The terminal operator said that on a reported basis gross volumes grew 10.7 per cent with new volume at London Gateway and Embraport in Brazil contributing to the increase.
Growth in the first half was largely driven by an improved performance from its Asia Pacific and India subcontinent, Europe and UAE terminals.
The UAE delivered another strong performance handling 7.4 million TEU, up 14.1 per cent. European growth accelerated in the second quarter, showing strength against a weaker first half in 2013.
"We are pleased with our throughput in the first half. As anticipated, we have seen a return to healthy growth in 2014 due to additional capacity and a pick-up in global trade," said chairman Ahmed Bin Sulayem.
"After a strong first quarter we have continued the positive momentum reporting an even stronger second quarter and overall very solid half year numbers," he said.
Said group CEO Mohammed Sharaf: "Our performance in the first half of 2014 shows we have the right capacity in the right locations. The market is forecast to grow five per cent in 2014, and we remain confident we will outperform it."
The terminal operator said that on a reported basis gross volumes grew 10.7 per cent with new volume at London Gateway and Embraport in Brazil contributing to the increase.
Growth in the first half was largely driven by an improved performance from its Asia Pacific and India subcontinent, Europe and UAE terminals.
The UAE delivered another strong performance handling 7.4 million TEU, up 14.1 per cent. European growth accelerated in the second quarter, showing strength against a weaker first half in 2013.
"We are pleased with our throughput in the first half. As anticipated, we have seen a return to healthy growth in 2014 due to additional capacity and a pick-up in global trade," said chairman Ahmed Bin Sulayem.
"After a strong first quarter we have continued the positive momentum reporting an even stronger second quarter and overall very solid half year numbers," he said.
Said group CEO Mohammed Sharaf: "Our performance in the first half of 2014 shows we have the right capacity in the right locations. The market is forecast to grow five per cent in 2014, and we remain confident we will outperform it."