Annual turnover of DP World rose by 3.2% yoy in 2016

DP World terminalThe container terminal operator DP World handled total 63.7 million TEU in 2016, which represent an increase of 3.2% yoy. The company said that excluding the new terminal in the Turkish port Yarimka, Stuttgart, Antwerp and the Canadian port of Prince Rupert, the annual growth amounted 2.2%. It is noted that the most significant turnover growth was in the Asia-Pacific Region and India, where the turnover rose by 4.6% to 29.6 million TEU. DP World reported that the terminals for North and South America and Australia increased transshipment by 4.1% to 7.7 million TEU, while the container hubs of Europe, Middle East and Africa increased by 1.4% yoy to 26.3 million TEU.

In the fourth quarter, the container terminal operator DP World handled 16.1 million TEU, which is 6% more than the corresponding period in 2015. The terminal turnover in Asia-Pacific and India increased by 9.9% to 7.5 million TEU, while in Europe, Middle East and Africa rose by 3.6% to 6.6 million TEU andin the region of North and South America and Australia grew by 0.7% to 2.05 million TEU.

Commenting on the results of the year, the head of the DP World, Sultan Ahmed bin Sulayem, expressed confidence that the new assets of the group in the Netherlands, India, Great Britain and Turkey will ensure further growth in the investment portfolio of the company, despite the fact that the container transportation market is still in crisis. In general, as head of the company said, DP World failed to reach the forecast results for the year.

DP World has a portfolio of more than 65 marine terminals on six continents, including terminals under construction in India and Africa. Europe and the Middle East.