DP World, one of the world’s biggest port operators, said the volume of containers it handled in the first nine months of the year gained 9 per cent, boosted by growth in business in the Asia-Pacific, Indian subcontinent region, Europe and the UAE. In the third quarter, volumes grew 8.4 per cent, it said.
The port operator said it handled 44.8 million twenty foot equivalent units (TEU) across its global portfolio in the first nine months this year, up from 40.7 million in the same period last year. "It is evident that the significant investment of recent years is aiding in the delivery of stronger volume growth," said Sultan Ahmed bin Sulayem, DP World's chairman.
“Our flagship Jebel Ali port achieved yet another new record, with 4 million TEU handled in the third quarter. The port is operating at almost maximum utilisation and we are therefore pleased to announce that Terminal 3 is now operational, adding 2 million TEU capacity to Jebel Ali port,” he added. A further 2 million is expected to come on line in the second half of 2015, taking total Jebel Ali capacity to 19 million TEU, he said.
“This is part of our commitment to invest to meet future capacity demands in Dubai.”
DP World’s increase in business comes amid a rise in the Baltic Dry Index, a benchmark of freight costs for dry commodities. In the past six months, the index is up 34 per cent.
“The solid nine-month performance leaves us well placed to outperform the market, which is forecast to grow [about] 5 per cent in 2014,” said Mr bin Sulayem.
The company’s shares are up more than 7 per cent this year on the Nasdaq Dubai. DP World reported a 42 per cent increase in profits in the first six months of this year to US$372m with expectations of a stronger second half despite “continued geopolitical issues [that] may result in challenges as the year progresses”.
mkassem@thenational.ae
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High profile Al Shabab attacks
- 2010: A restaurant attack in Kampala Uganda kills 74 people watching a Fifa World Cup final football match.
- 2013: The Westgate shopping mall attack, 62 civilians, five Kenyan soldiers and four gunmen are killed.
- 2014: A series of bombings and shootings across Kenya sees scores of civilians killed.
- 2015: Four gunmen attack Garissa University College in northeastern Kenya and take over 700 students hostage, killing those who identified as Christian; 148 die and 79 more are injured.
- 2016: An attack on a Kenyan military base in El Adde Somalia kills 180 soldiers.
- 2017: A suicide truck bombing outside the Safari Hotel in Mogadishu kills 587 people and destroys several city blocks, making it the deadliest attack by the group and the worst in Somalia’s history.
ARABIAN GULF LEAGUE FIXTURES
Thursday, September 21
Al Dahfra v Sharjah (kick-off 5.35pm)
Al Wasl v Emirates (8.30pm)
Friday, September 22
Dibba v Al Jazira (5.25pm)
Al Nasr v Al Wahda (8.30pm)
Saturday, September 23
Hatta v Al Ain (5.25pm)
Ajman v Shabab Al Ahli (8.30pm)
Killing of Qassem Suleimani
Napoleon
Director: Ridley Scott
Stars: Joaquin Phoenix, Vanessa Kirby, Tahar Rahim
Rating: 2/5
TV: World Cup Qualifier 2018 matches will be aired on on OSN Sports HD Cricket channel
Zayed Sustainability Prize
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Developer: 11 Bit Studios
Publisher: Odd Meter
Console: PlayStation 5, PC and Xbox series X/S
Rating: 4/5
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Ashraf Ghani: 923,592 votes
Abdullah Abdullah: 720,841 votes
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Company name: Cargoz
Date started: January 2022
Founders: Premlal Pullisserry and Lijo Antony
Based: Dubai
Number of staff: 30
Investment stage: Seed
Landfill in numbers
• Landfill gas is composed of 50 per cent methane
• Methane is 28 times more harmful than Co2 in terms of global warming
• 11 million total tonnes of waste are being generated annually in Abu Dhabi
• 18,000 tonnes per year of hazardous and medical waste is produced in Abu Dhabi emirate per year
• 20,000 litres of cooking oil produced in Abu Dhabi’s cafeterias and restaurants every day is thrown away
• 50 per cent of Abu Dhabi’s waste is from construction and demolition
The bio
Favourite book: Peter Rabbit. I used to read it to my three children and still read it myself. If I am feeling down it brings back good memories.
Best thing about your job: Getting to help people. My mum always told me never to pass up an opportunity to do a good deed.
Best part of life in the UAE: The weather. The constant sunshine is amazing and there is always something to do, you have so many options when it comes to how to spend your day.
Favourite holiday destination: Malaysia. I went there for my honeymoon and ended up volunteering to teach local children for a few hours each day. It is such a special place and I plan to retire there one day.
THE SPECS
Engine: 4.4-litre V8
Transmission: Automatic
Power: 530bhp
Torque: 750Nm
Price: Dh535,000
On sale: Now
THE BIO
Ms Al Ameri likes the variety of her job, and the daily environmental challenges she is presented with.
Regular contact with wildlife is the most appealing part of her role at the Environment Agency Abu Dhabi.
She loves to explore new destinations and lives by her motto of being a voice in the world, and not an echo.
She is the youngest of three children, and has a brother and sister.
Her favourite book, Moby Dick by Herman Melville helped inspire her towards a career exploring the natural world.
Company Profile
Company name: Hoopla
Date started: March 2023
Founder: Jacqueline Perrottet
Based: Dubai
Number of staff: 10
Investment stage: Pre-seed
Investment required: $500,000
