DP World Improves Quarterly Volumes

zoom Dubai-headquartered terminal owner and operator DP World Limited handled 15 million TEUs throughout its container terminals in the first quarter of 2015, with gross container volumes growing by 4.4% compared to the same period in 2014.  The consolidated terminals, those where DP World has control as defined by IFRS, handled 7.1 million TEUs in 1Q15, 4.5% better than in the first quarter of 2014. The conditions in Australia were described as mixed, while Indian Subcontinent faced capacity constraints. Although some of our terminals continue to operate in a challenging macro environment, we expect market conditions across the portfolio to be generally favourable for the remainder of 2015. We remain confident in performing in line or ahead of the market which is forecast to grow at approximately 4-5% in 2015, said DP World Chairman, Sultan Ahmed Bin Sulayem. Our new developments remain on track with Rotterdam (Netherlands) and Nhava Sheva (India) due to come on line in the first half of this year. This will be followed by the opening of Yarimca (Turkey) and an additional 2 million TEU of capacity at Jebel Ali (UAE) in the second half which will take total Jebel Ali capacity to 19 million TEU.