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FINANCIAL NEWS
UAE’s DP World H1 gross volumes up to 26.2m TEU
26 Jul 2011
(MENAFN) DP World’s chief executive, Mohamed Sharaf, said that due to a surge in Asia Pacific, United Arab Emirates, Africa and Americas regions’ growth, in 2011’s first half, gross volumes went up to 26.2 million TEU, reported Arabian Business.
Sharaf added that in the period, the port’s container volumes increased 11 percent which would result in a rise in DP’s profitability, moreover, the operator’s terminals handled 13.5 million TEU or (Twenty-foot equivalent unit), which is a measure used for capacity in container transportation.
He also said that in 2010, DP World sold 75 percent of its Australian port operations for USD1.5 billion, and in 2010’s first half, the company made a net profit after tax from constant operations of USD206 million.
It is worth noting that recently, the world’s third-largest port operator bought controlling interest in two Surinamese port services companies.
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