DP World Limited handled 52.3 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the first nine months of 2017. Gross container volumes grew by 10.0% year-on-year on a reported basis and 9.6% on a like-for-like basis, with the third quarter growth rates accelerating to 13.5% year-on-year on a reported basis and 13.3% on a like-for-like basis, ahead of second quarter growth and Drewry Maritime's upgraded industry estimate of 5.5% throughput growth in 2017. The group said the global trade outlook improved significantly in 2017 with the World Trade Organisation recently upgrading trade growth from 2.4% to 3.6% in 2017 and all three DP World regions saw third quarter growth rates accelerate even more than the second quarter of 2017, particularly its terminals in Middle East & Africa, Europe and the Americas. The UAE handled 11.6 million TEU in 9M2017, growing 4.6% year-on-year.
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