DP World, the Dubai-based global terminal operator, handled a total of 63.7 million teu in 2016, an increase of 3.2% in volume. There was a particularly good end to the year, with volumes in the fourth quarter rising by around 6% year-on-year.
DP World’s throughput in the UAE declined by 5.3% last year, with 14.8 million teu handled, compared to 15.6 million teu the year before. There was a sign of greater stability in the fourth quarter, with the 3.7 million teu throughput representing a fall of just 0.7%.
Group chairman and chief executive, Sultan Ahmed Bin Sulayem, acknowledged the ‘challenging’ market conditions at Jebel Ali port. But, he added, “We are pleased to see volumes stabilising in the UAE and as we look ahead to 2017, we expect our new developments in Rotterdam, Nhava Sheva, London Gateway and Yarimca to drive growth in our portfolio.”