DP World 1Q cargo volumes jump nearly 10 percent

AP News
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Posted: Apr 30, 2012 7:02 AM
DP World 1Q cargo volumes jump nearly 10 percent

Seaport operator DP World says strong business in Asia boosted cargo volumes at its ports nearly 10 percent in the first quarter of the year.

The world's third-largest port operator said Monday it handled the equivalent of 13.8 million standard 20-foot shipping containers between January and March. That is up 9.5 percent from 12.6 million containers during the same period a year earlier.

Dubai-based DP World says the bulk of the gains came from its businesses in the Far East and the Indian subcontinent, which together saw a 14.6 percent jump in trade.

The government-backed company manages more than 60 cargo terminals on six continents.