Trade Chronicle July - August Issue 2017

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TRADE CHRONICLE DP World Limited handled 34.0 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the first half of 2017, with gross container volumes growing by 8.2% year-on-year on a reported basis and 7.7% on a like-for-like basis, with s e c o n d q u a r t e r g r o w t h r a t e s accelerating to 10.7% year-on-year on a reported basis and 10.4% on a like-forlike basis, ahead of Drewry Maritime's upgraded industry estimate of 4% throughput growth in 2017. The first half of 2017 witnessed an improvement in global trade and all three DP World regions saw growth rates accelerate in the second quarter of 2017, particularly our terminals in Europe and the Americas. The UAE handled 7.7 million TEU in 1H2017, growing 4.3% year-on-year, implying a 2Q2017 growth of 6.6%. At a consolidated level, our terminals handled 17.9 million TEU during the first half of 2017, a 22.4% improvement DP World reports 10.7% gross volume growth in second quarter of 2017 in performance on a reported basis and up 4.7% year-onyear on a likefor-like basis. R e p o r t e d c o n s o l i d a t e d volume in the Asia Pacific and I n d i a n Subcontinent region was boosted by the consolidation of Pusan (South Korea) at the end of 2016. Group Chairman and Chief Executive Officer Sultan Ahmed Bin Sulayem commented: “Our portfolio has delivered ahead-of-market growth benefitting from the improved trading environment in 2017 and market share gains from the new shipping alliances, driving volumes in the second quarter. The robust performance was delivered across all three regions, w h i c h o n c e a g a i n demonstrates that we have the right strategy and the relevant capacity in the key markets. “We are pleased to see our terminals in the Americas and Europe c o n t i n u e t o d e l i v e r g r o w t h . Encouragingly, UAE volumes have improved and we continue to expect our portfolio's volume growth to outperform the market. “Given the encouraging first half performance, we remain well placed to m e e t f u l l y e a r 2 0 1 7 m a r k e t expectations.” DP World and Indonesian government sign agreement to develop port and trade infrastructure DP World and Indonesian government and port officials at the signing ceremony of a new agreement to develop Indonesian port and trade infrastructure. An agreement was signed recently between global trade enabler DP World and Indonesian government and port officials to advise on the development of the Kuala Tanjung greenfield port and logistics zone and Belawan port in North Sumatra. As part of a Technical Assistance Contract, DP World will share its expertise and experience in increasing e f f i c i e n c i e s , t r a i n i n g a n d development for employees and developing multi-modal transport hubs. The agreement was signed by DP World Group Executive Vice President and Chief Operating Officer Anil Wats and state-owned port operator PT Pelabuhan Indonesia (Pelindo) I President Director, Bambang Eka Cahyana. The event was also attended by Indonesian Minister of State Owned Enterprises Rini M Soemarno, Indonesian Ambassador to the UAE, Husein Bagis and senior DP World officials. DP World Group Chairman & CEO Sultan Ahmed bin Sulayem, said: “This partnership highlights Indonesia's efforts to accelerate development of its ports and trade infrastructure, something we can help with given our global experience of advising governments on connecting with international markets. In growing our global portfolio of 78 terminals in 40 countries, we have become a knowledge exporter with insights on how to link countries with the goods they need. Our existing operations at PT Terminal Petikemas Surabaya (TPS) give us an added advantage of understanding local and regional markets and we look forward to working with the Indonesian port authorities on developing international and domestic trade.” DP World will be reviewing operations at Belawan port and advising on efficiency improvements, and plans for the Kuala Tanjung greenfield port and logistics zone to reduce costs, which will positively impact prices of goods sold in the local market. The agreement is expected to have a far-reaching positive impact on the social and economic growth of the region. TRADE CHRONICLE - July .~ Aug. 2017 - Page # 26
TRADE CHRONICLE A new modern terminal designed to accommodate the largest operating cruise vessels, is scheduled to open in the summer at DP World Limassol port. The new terminal consists of seven pods with an internal area of 7,000 square meters. Along with 24- hour availability the terminal offers integrated services including Home Call and Day Call handling capability, ensuring an improved customer experience. DP world Limassol has a draft of up to 11 metres (tide free) and three 400 metre berths that can accommodate cruise vessels. It is the third addition to the cruise terminal portfolio that DP World operates globally, after cruise terminal operations in Mina Rashid, Dubai and Quinquela Martin, Argentina. Limassol is one of the major destinations in the Mediterranean for the cruise industry with the opportunity to be the first port of call for cruise lines after transiting the DP World and Masdar to explore clean energy solutions Global trade enabler DP World and Masdar, Abu Dhabi's renewable energy company, have signed a Memorandum of Understanding (MoU) to explore areas of collaboration on clean energy solutions for DP World's portfolio of ports and free zones in the Middle East and Africa. Masdar will work with DP World to address challenges related to the delivery of sustainable, reliable and cost effective power generation, with a particular focus on areas that are remote or off-grid. Masdar will p r o v i d e s p e c i a l i s t p r o j e c t management services, from concept to implementation, including community projects to support DP World's operations. The first collaborative activity will Suez Canal. The terminal offers fast turnaround times for connections to b o t h L a r n a c a a n d P a p h o s international airports. With favourable weather conditions throughout the year, cultural heritage, excursions and events all through, Cyprus and Limassol present the opportunity for a memorable experience. DP World Group Chairman & CEO Sultan Ahmed bin Sulayem, said: “Cyprus is a centre for tourism and trade across the Mediterranean Sea & beyond and we are delighted to help develop its cruise capability. The be to review DP World's operations at the Port of Berbera in Somaliland, f o c u s i n g o n h y b r i d s o l a r photovoltaic (PV)– diesel plants, water treatment and other technical advisory services for power generation. The agreement will also look at increasing energy efficiency a c r o s s t h e company's ports and terminals in the region. DP World Group Chairman and Chief Executive Officer, Sultan Ahmed bin Sulayem, said: “We strive to integrate sustainability into everything we do and I believe it is essential to modern business practice. We look forward to this partnership with a world leader in renewable and clean energy that will help reduce our carbon footprint in New passenger terminal opening at limassol, cyprus port terminal is another example of how partnerships with Government on infrastructure projects help boost economies, creating jobs and prosperity for the country and its people.” Charles Meaby, General Manager, DP World Limassol, commented: “With the opening of this new terminal, all our visitors will enjoy an even more impressive welcome. DP World Limassol continues to promote the development of tourism in Cyprus and driving economic benefits for the local and national economy”. Mr. Meaby continued, “This is an exciting time for Limassol and Cyprus and DP World Limassol is focused on delivering a long-term legacy creating employment opportunities and helping Limassol reach its potential of becoming a fullyserviced home port for cruise ships”. the region and to develop long term energy solutions for the communities in which we operate. This collaboration is an important step in contributing towards achieving the UAE 2021 vision and implementing the Dubai 2021 plan as well as the Abu Dhabi Economic Vision 2030, which is focused on developing the UAE into a knowledge-led economy.” TRADE CHRONICLE - July .~ Aug. 2017 - Page # 27
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Trade Chronicle July - August Issue 2017

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