Emerging markets key to DP World`s 10pc volume increase over 9 months

DUBAI`s DP World throughput shows how much the Middle East`s big terminal operator has exploited growing emerging market economies with its announcement of a 10 per cent year-on-year box volume increase with these markets along, reports London`s Financial Times.

Its home UAE economy - up 13 per cent to 3.4 million TEU - provided much of the strength reflected in the overall 14.4 million TEU global throughput increase.


But DP World also concentrates on other emerging markets economies in the Mideast, Asia, Latin America and Africa, where a commodities boom has increased consumer spending upon which the container trade relies.


Traffic for the first nine months was 11 per cent higher - at 40.6 million TEU - than in the first nine months of 2010.


But DP World CEO Mohammed Sharaf remained cautious, expecting no peak in the final quarter. "Our expectation is that the second half of the season will continue to be as it usually has been."


Company chairman Sultan Ahmed bin Sulayem said the growth reflected DP World`s emerging performance particularly in India where it is now the biggest container terminal operator in India and is expanding rapidly in Africa and Latin American markets such as Brazil and Peru.