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DUBAI: July 24, 2018. DP World Limited handled 35.6 million TEUs across its container terminals in the first half of 2018, with volumes growing by 4.8 percent year-on-year.

DP World H1 2018The first half of 2018 continued to see an upswing in global trade and all three DP World regions delivered growth, particularly in Europe and Australia. The UAE handled 7.7 million TEU in H1, a growth of +0.2 percent, year-on-year.

"Our portfolio has delivered an encouraging performance in the first half of 2018 with all regions continuing to deliver growth,” commented DP World Group chairman and CEO Sultan Ahmed bin Sulayem. “However, as expected there has been a deceleration in the growth rate in Q2 2018 due the tougher year-on-year comparables, where Q2 2017 grew 10.7 percent year-on-year driven by market share gains from the new shipping alliances.

Bin Sulayem added that as geopolitical headwinds and recent changes in trade policies continue to pose uncertainty to the container market, first half volume performance demonstrates that DP World's portfolio is well positioned to deliver growth.

"The robust performance across all regions continues to be an affirmation of our strategy to deploy relevant capacity in key markets and operate a diversified portfolio. We are pleased to see our terminals in Europe and Australia continue to deliver growth and still expect to see increased contributions from our new investments in the second half of the year," he noted.

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