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FINANCIAL NEWS
Expansion plans worth $3b for DP World in 2012
27 Oct 2010
(MENAFN) Mohammed Sharaf, Chief Executive Officer of DP World announced expansion plans valued at $3 billion to be executed by 2012, Khaleej Times reported.
Strong growth in the Asia Pacific, Americas and Australia regions led to strong third quarter volume increase, the CEO stated.
DP World, the global marine terminal operator, reported that it handled 13 million TEU (twenty-foot equivalent container units) in the third quarter of 2010 and registered a 14 percent compared to the third quarter of 2009.
The company also announced a 15 percent rise in the first three quarters of 2010 which amounts to 36.7 million TEUs as opposed to the same period in the prior year.
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