Trade stabilizing, says DP World

Dubai-based port operator DP World has said that trade volumes are starting to stabilize after seeing their worst fall in decades because of the financial crisis, reports the Associated Press. The operator

said that cargo container volumes were down 6 percent in the third quarter of the year as compared to the same period last year. The company saw a 10 percent decrease in the volumes during the first half of the year as compared to the same period a year earlier.

Mohammed Sharaf, the CEO of DP World, said that the company is “beginning to see early signs of stability across the industry.”