DP World handled 50 million TEU in 2010; 14% gain over 2009

Dubai, UAE, 25 January 2011: – Global marine terminal operator DP World today announced it handled 49.6 million TEU (twenty-foot equivalent container units) across its portfolio of 50 operating terminals in 28 countries in 2010, an increase of 14% against the prior year. Like for like volume growth was 10%.

Volumes for DP World’s consolidated terminals grew 9% to 27.8 million in 2010 including 7.3 million TEU handled in the fourth quarter, 12% ahead of the same quarter last year. Like for like volume growth for the companies consolidated terminals for the fourth quarter 2010 was 9%.

The UAE handled 11.6 million TEU in 2010, 4% ahead of 2009 with the fourth quarter delivering growth of 7% handling over 3 million TEU. The performance of the region in the second half of 2010 sees a return to peak levels previously seen in 2008 with 6.1 million TEU handled in the 6 month period. Non-container volumes in the UAE have shown improvement in second half of the year but remain at slightly lower levels for the full year when compared to the same period last year.

Excluding the contribution from new terminal volumes in Qingdao, China and Callao, Peru both of which became operational in 2010, volume growth was driven by strong performance in Australia, America and Asia Pacific Regions as well as the continuing return of volumes to the European region.

During 2010 and into the early part of 2011, DP World has successfully delivered two major new capacity additions; the new terminal in Callao, Peru and the major expansion of our existing terminal in Port Qasim, Karachi. In addition the company announced a strategic partnership for DP World Australia which will see a retaining 25% ownership and a management contract once the transaction completes at the end of the first quarter 2011.