DP World Q2 TEU Count Soars 10%
State-owned ports operator DP World on Tuesday reported second-quarter gross container volumes up 10.4 percent on a like-for-like basis and 10.7 percent on a reported basis.
DP World handled 17.6 million twenty-foot equivalent units (TEUs) in the three months to June 30, the company said in a statement.
Volumes in the second quarter were driven by improved trading conditions and market share gain from new shipping alliances, said DP World Chairman Sultan Ahmed bin Sulayem.
Half-year gross container volumes rose 7.7 percent on a like-for-like basis and 8.2 percent on a reported basis.
DP World handled 34 million TEUs in the six months to June 30.
DP World handled 34 million TEUs in the six months to June 30.
Reporting by Alexander Cornwell
