DP World, one of the world’s biggest port operators, said the volume of containers it handled in the first nine months of the year gained 9 per cent, boosted by growth in business in the Asia-Pacific, Indian subcontinent region, Europe and the UAE. In the third quarter, volumes grew 8.4 per cent, it said.
The port operator said it handled 44.8 million twenty foot equivalent units (TEU) across its global portfolio in the first nine months this year, up from 40.7 million in the same period last year. "It is evident that the significant investment of recent years is aiding in the delivery of stronger volume growth," said Sultan Ahmed bin Sulayem, DP World's chairman.
“Our flagship Jebel Ali port achieved yet another new record, with 4 million TEU handled in the third quarter. The port is operating at almost maximum utilisation and we are therefore pleased to announce that Terminal 3 is now operational, adding 2 million TEU capacity to Jebel Ali port,” he added. A further 2 million is expected to come on line in the second half of 2015, taking total Jebel Ali capacity to 19 million TEU, he said.
“This is part of our commitment to invest to meet future capacity demands in Dubai.”
DP World’s increase in business comes amid a rise in the Baltic Dry Index, a benchmark of freight costs for dry commodities. In the past six months, the index is up 34 per cent.
“The solid nine-month performance leaves us well placed to outperform the market, which is forecast to grow [about] 5 per cent in 2014,” said Mr bin Sulayem.
The company’s shares are up more than 7 per cent this year on the Nasdaq Dubai. DP World reported a 42 per cent increase in profits in the first six months of this year to US$372m with expectations of a stronger second half despite “continued geopolitical issues [that] may result in challenges as the year progresses”.
mkassem@thenational.ae
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Blackpink World Tour [Born Pink] In Cinemas
Starring: Rose, Jisoo, Jennie, Lisa
Directors: Min Geun, Oh Yoon-Dong
Rating: 3/5
Company Profile
Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million
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Kamindu Mendis bio
Full name: Pasqual Handi Kamindu Dilanka Mendis
Born: September 30, 1998
Age: 20 years and 26 days
Nationality: Sri Lankan
Major teams Sri Lanka's Under 19 team
Batting style: Left-hander
Bowling style: Right-arm off-spin and slow left-arm orthodox (that's right!)
SPECS
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Earth under attack: Cosmic impacts throughout history
- 4.5 billion years ago: Mars-sized object smashes into the newly-formed Earth, creating debris that coalesces to form the Moon
- 66 million years ago: 10km-wide asteroid crashes into the Gulf of Mexico, wiping out over 70 per cent of living species – including the dinosaurs.
- 50,000 years ago: 50m-wide iron meteor crashes in Arizona with the violence of 10 megatonne hydrogen bomb, creating the famous 1.2km-wide Barringer Crater
- 1490: Meteor storm over Shansi Province, north-east China when large stones “fell like rain”, reportedly leading to thousands of deaths.
- 1908: 100-metre meteor from the Taurid Complex explodes near the Tunguska river in Siberia with the force of 1,000 Hiroshima-type bombs, devastating 2,000 square kilometres of forest.
- 1998: Comet Shoemaker-Levy 9 breaks apart and crashes into Jupiter in series of impacts that would have annihilated life on Earth.
-2013: 10,000-tonne meteor burns up over the southern Urals region of Russia, releasing a pressure blast and flash that left over 1600 people injured.
The specs
Engine: 1.5-litre 4-cylinder petrol
Power: 154bhp
Torque: 250Nm
Transmission: 7-speed automatic with 8-speed sports option
Price: From Dh79,600
On sale: Now
Points to remember
- Debate the issue, don't attack the person
- Build the relationship and dialogue by seeking to find common ground
- Express passion for the issue but be aware of when you're losing control or when there's anger. If there is, pause and take some time out.
- Listen actively without interrupting
- Avoid assumptions, seek understanding, ask questions
The specs
Engine: 2.7-litre 4-cylinder Turbomax
Power: 310hp
Torque: 583Nm
Transmission: 8-speed automatic
Price: From Dh192,500
On sale: Now
Married Malala
Malala Yousafzai is enjoying married life, her father said.
The 24-year-old married Pakistan cricket executive Asser Malik last year in a small ceremony in the UK.
Ziauddin Yousafzai told The National his daughter was ‘very happy’ with her husband.
Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
TOURNAMENT INFO
Opening fixtures:
Friday, Oct 5
8pm: Kabul Zwanan v Paktia Panthers
Saturday, Oct 6
4pm: Nangarhar Leopards v Kandahar Knights
8pm: Kabul Zwanan v Balkh Legends
Tickets
Tickets can be bought online at https://www.q-tickets.com/apl/eventlist and at the ticket office at the stadium.
TV info
The tournament will be broadcast live in the UAE on OSN Sports.
More on Quran memorisation:
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Race 3
Produced: Salman Khan Films and Tips Films
Director: Remo D’Souza
Cast: Salman Khan, Anil Kapoor, Jacqueline Fernandez, Bobby Deol, Daisy Shah, Saqib Salem
Rating: 2.5 stars
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