DP World trade volumes fell 8 percent in 2009
The company said that despite the fall in volumes, the 2009 results would be in line with expectations.
January 25, 2010 3:51 by kippreport
Dubai-based port operator DP World announced that it handled 8 percent fewer container units in 2009 as compared to the previous year, because of the effect of the global financial crisis. Excluding the contribution from new terminals that joined its portfolio in 2009, volumes fell by 10 percent, the company said on the Nasdaq Dubai website.
“As anticipated, all our regions handled more containers in the second half of 2009 than in the first half and the early signs of stability seen in the third quarter have continued into the final quarter of the year Mohammed Sharaf, CEO of DP World said in a statement.” Customer confidence, whilst improving, remains fragile with limited visibility for the medium term,” he said.
He added that despite the decline in volumes, the 2009 results would be in line with expectations.