DP World 2015 gross container volumes rise 2.4%

DP World on Monday said its 2015 annual gross container volumes rose 2.4 per cent on a like-for-like basis and increased 3 per cent on a reported basis. (File)

Dubai's DP World, one of the world's biggest port operators, on Monday said its 2015 annual gross container volumes rose 2.4 per cent on a like-for-like basis and increased 3 per cent on a reported basis.

Gross volumes totalled 61.7 million twenty-foot equivalent units (TEU) in 2015, up from 59.9 million TEU in 2014, the company said in a statement.

Annual consolidated volumes, at terminals over which DP World has control, were 29.1 million TEU, up 1.7 per cent on a like-for-like basis and 2.7 per cent higher on a reported basis.

Like-for-like volumes are prepared to 'normalise for divestments and new capacity,' DP World added.   

Meanwhile, Dubai's DP World has appointed chairman Sultan Ahmed bin Sulayem as permanent chief executive with immediate effect, the port operator said on Monday, two weeks after he took interim charge following the retirement of the former CEO.

Sulayem will hold both roles simultaneously, DP World said in a bourse statement.

On January 27, the company announced long-serving chief executive Mohammed Sharaf had retired.  

 

 

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