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Dubai ports giant DP World has announced a 14 per cent jump in its business in 2010, as its ports handled the equivalent of almost 50 million shipping containers.
The firm, the world's third-largest seaport operator, said its ports handled the equivalent of 49.6 million standard 20-foot cargo containers, up from 43.4 million in 2009.
The increase in cargo movements reflected the expansion of its global network and a resurgence in trade as the world economy begins to pick up steam.
In a statement DP World said it saw the strongest gains in Asia, Australia and the Americas.
The firm's chief executive, Mohammed Sharaf said the growth puts the firm on track to report financial results in line with analysts' expectations and ahead of last year's figures. DP World's full earnings are expected in March.
The company currently operates 49 sea cargo terminals on six continents, including Jebel Ali in Dubai, the Middle East's busiest.
DP World reported its UAE volumes rose 4 per cent to the equivalent of 11.6 million containers in 2010, a level executives said was a return to the boom-time peak levels last seen, pre-financial crisis, in 2008.
This article was originally published by www.7days.ae.
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