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DP World predicts over 5% market growth this year

: Saturday, July 26 - 2014 @ 04:30

The world’s third-largest port operator, DP World has said it is confident of exceeding industry growth predicted to reach about 5% in 2014, as it adds capacity and global trade picks up, Bloomberg has reported. First-half throughput grew 9.3% on a like-for-like basis to 29.4 million twenty-foot equivalent units across its group of container terminals, the Dubai-based firm said. Growth in the first half was driven mainly by Asia Pacific, India, Europe and the UAE terminals, it said. It will increase capacity at its Jebel Ali port in the UAE as it adds four million TEU capacity this year, taking the total to 19 million TEU.

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Saturday, July 26- 2014 @ 4:30 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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