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DUBAI Phil Haynes Hoodie , Oct. 29 (Xinhua) -- Dubai's DP World, the world's third biggest port operator, said here Tuesday that container gross volumes handled in the third quarter across its 65 marine ports worldwide were flat with a 0.4 percent decline year on year, while development in its home market the United Arab Emirates and in Asia was "encouraging."


DP World said in an e-mailed statement that a total of 6.71 million twenty-foot equivalent container units (TEUs) were handled in the period from June to September Gary Jennings Jr. Hoodie , compared to 6.94 million TEUs in the same period last year.


According to the statistics, DP World's home market the UAE outperformed global developments as 3.6 million TEUs were handled during the third quarter, representing a growth of 5.4 percent. " Volumes for the nine months up to September 2013 exceeded 10 million TEUs for the first time," said the firm in the statement.


In addition Cody Barton Hoodie , the port operator said it was "encouraging" that " volumes through our consolidated terminals in the Asia Pacific and Indian subcontinent region are showing signs of stability."


DP World chairman Sultan Ahmed Bin Sulayem said "our flagship UAE operation has recorded the best quarter in its history, reflecting the continued growth in Dubai, the UAE and the wider region."


Earlier on Monday, the global banking association Institute of International Finance revised its projection for the UAE economic growth in 2013 to 4.7 percent D.K. Metcalf Hoodie , up from 3.9 percent, saying the Gulf state benefited from a bullish oil- and non-hydrocarbon businesses, including trade and tourism.


Regarding upcoming operations, Sulayem said "we continue to make good progress toward the delivery of Embraport in Brazil Marquise Blair Hoodie , which is now serving vessels as it readies for official opening, whereas London Gateway (UK) remains on track to open in the fourth quarter with its first official vessel call scheduled for November. "


In the first half of 2013, DP World generated a net profit of 264 million dollars, representing a 9.1-percent increase year on year.

Vern Arnett
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