It was Chennai's fifth win from nine matches as they moved to third place in the points table with 10 points
The first half of 2017 witnessed an improvement in global trade and all three DP World regions saw growth rates accelerate in the second quarter of 2017, particularly our terminals in Europe and the Americas. The UAE handled 7.7 million TEU in 1H2017, growing 4.3 per cent year-on-year, implying a 2Q2017 growth of 6.6 per cent.
At a consolidated level, our terminals handled 17.9 million TEU during the first half of 2017, a 22.4 per cent improvement in performance on a reported basis and up 4.7 per cent year-on-year on a like-for-like basis. Reported consolidated volume in the Asia Pacific and Indian Subcontinent region was boosted by the consolidation of Pusan (South Korea) at the end of 2016.
Group Chairman and Chief Executive Officer Sultan Ahmed Bin Sulayem commented: "Our portfolio has delivered ahead-of-market growth benefitting from the improved trading environment in 2017 and market share gains from the new shipping alliances, driving volumes in the second quarter. The robust performance was delivered across all three regions, which once again demonstrates that we have the right strategy and the relevant capacity in the key markets.
"Given the encouraging first half performance, we remain well placed to meet full year 2017 market expectations."
It was Chennai's fifth win from nine matches as they moved to third place in the points table with 10 points
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