UAE: DP World records impressive growth
DP World's UAE region announced that it had recorded 19% growth in throughput with the handling of 11 million TEUs (twenty-foot equivalent container units) at its marine terminals during 2007, as compared to 2006.
A substantial increase in throughput has also been recorded at Dubai's two ports, Jebel Ali and Port Rashid, showing a growth of 20 percent compared with 2006, to reach 10.7 million TEUs, according to a company statement.
Jebel Ali port operations alone grew by more than 25%, with the port handling over 9.9 million TEUs, compared with the volume handled throughout 2006.
Commenting on the growth, Mohammed Al Muallem, Senior Vice President and Managing Director, DP World - UAE, said: "The growth we realised in 2007 was due to a number of factors, the most prominent of which was the increase in trade activity, with a corresponding increase in exports, imports and re-exports. Naturally, this resulted in buoyant growth." "We have seen continued rapid growth in volumes at Jebel Ali since we first established the facility. Our determination to meet our customers' expanding needs has driven us to continuously upgrade our infrastructure, increasing the capacity of the terminal yards and supplying them with modern machinery to efficiently handle our customers' cargo,''he added.
"The opening of the new container terminal (T-2) at DP World Jebel Ali in August last year has contributed to a substantial increase in our handling capacity. The terminal is able to provide the regular, efficient services required by the new generation mega-sized vessels, and this is a competitive differentiator for our flagship terminal," he indicated.
He maintained that the ambition to expand and determination to provide quality services that drive DP World's UAE region are an integral part of Dubai's overall vision.
- Port capacity to reach 15 million TEUs, says Mohammed Al Muallem
- New expansion plans revealed for DP World
- Dubai: Jebel Ali expansion plan reaches half-way mark
- DPA reports 22 per cent growth in container traffic in the first half of 2005 compared to the same period last year
- DP World Jebel Ali congestion overcome