DP World's Dubai Box Volumes Slip

Tuesday, July 23, 2019

DP World's Dubai shipping container volumes fell by 6.3% in the second quarter, the port operator reported on Tuesday, the fifth consecutive quarterly drop.

DP World blamed the drop on the loss of lower margin cargo and challenging market conditions, but said it expected more stable throughput for the rest of the year.

It handled 3.9 million twenty foot equivalent units (TEU) in the three months to June 30 at its Dubai ports, compared with 4.2 million in the same 2018 period.

DP World operates Dubai's Jebel Ali, the Middle East's largest trans-shipment hub, and Mina Rashid.

The port operator did not disclose individual volumes for the two ports, which account for about 20% of its global volumes.

Globally, container volumes increased 1.6%. That was helped by a 4.1% rise in volumes in the Asia Pacific, Indian Subcontinent and Africa region which handled 8.2 million TEUs.

Dubai volumes were down 7.4% in the first six months of the year, while global volumes were flat.


(Reporting by Alexander Cornwell, editing by Louise Heavens)

Categories: Ports Container Ships Logistics Middle East

Related Stories

Rear Adm. Philip Sobeck: MSC Needs More Mariners, New Ships

Baltimore's Alternate Shipping Channels Not Deep Enough, Maersk Says

Decarbonization is a Major Challenge for US Ports -Report

Current News

Montrose Becomes First Port in Scotland to Provide Shore Power for Vessels

Port Operator JSW Infrastructure Q4 Profit Rises 10%

The Nordic Maritime Forum 2024 will happen in Oslo

Renewable Energy System Dedicated at Port of Long Beach

Subscribe for Maritime Logistics Professional E‑News