An improved performance in the fourth quarter has helped DP World boost its numbers for the full year.
The terminal operator reported a 6% increase in volumes between October and December, driven by strong growth in Asia Pacific and Europe.
For 2016 the company handled 63.7m teu, an improvement of 3.2% compared to 2015.
Sultan Ahmed Bin Sulayem, chairman of DP World, said: “Despite the challenging market conditions, particularly at our flagship Jebel Ali Port, our portfolio continues to deliver ahead-of-market growth, which once again demonstrates the benefits of operating a globally diversified portfolio.
“We are pleased to see volumes stabilising in the UAE and as we look ahead into 2017, we expect our new developments in Rotterdam, Nhava Sheva, London and Yarimca to drive growth in our portfolio.”
He added that DP World will continue to maintain capital expenditure discipline and it is well-placed to meet full year 2016 market expectations.
