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Port operator DP World saw container volumes in the third quarter climb eight percent, on a consolidated basis, to 7.3 million TEUs, bringing it in line with peak volumes in 2008.
The Dubai government-controlled port operator said the second half would be better than the first, boosted by strong container operations in the third quarter, reported Reuters.
"Container volumes have remained strong during the third quarter of the year with DP World's container volumes back in line with 2008 peak levels with many of our regions delivering double digit growth over the third quarter last year," chief executive Mohammed Sharaf said.
He added that despite strong container volumes a lower contribution from non-container operations is expected for the second half of 2010.
Container volumes for the first nine months of the year climbed seven percent on a consolidated basis to 20.5 million TEUs.
The port operator's new developments in Vallarpadam in India and Karachi in Pakistan remain on schedule to open later this year.
DP World's first-half net profit after tax from continuing operations rose 10 percent to US$206 million.
Cargonews Asia
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