Dubai’s DP World says consolidated volumes slip 3.8 percent in 2013

Dubai’s DP World says consolidated volumes slip 3.8 percent in 2013

 

[caption id="attachment_11863" align="alignnone" width="400"] (The world’s third biggest port operator said its consolidated container volumes dropped 3.8 percent in 2013. (File photo: Reuters))[/caption]

 

Dubai's DP World, the world's third biggest port operator, said on Wednesday its consolidated container volumes slipped 3.8 percent in 2013, but rose 0.7 percent on a gross like-for-like basis.

 

DP World, one of the more profitable assets of Dubai World, said terminals controlled by the company handled 26 million TEU - or twenty-foot equivalent container units - during the year.

 

This compares to 27.1 million TEU in the year-earlier period.

 

But gross volumes - which include more terminals - rose slightly in like-for-like terms, DP World said.

 

The port operator has been selling assets globally, exiting markets where it does not have a significant presence and seeking to redeploy funds in fast-growing markets.

 

(Reuters, Dubai)

 

(Al Arabiya News, 5 Wednesday February 2014 The Roman)