DUBAI, United Arab Emirates (AP) — Seaport operator DP World says strong business in Asia boosted cargo volumes at its ports nearly 10 percent in the first quarter of the year.
The world's third-largest port operator said Monday it handled the equivalent of 13.8 million standard 20-foot shipping containers between January and March. That is up 9.5 percent from 12.6 million containers during the same period a year earlier.
Dubai-based DP World says the bulk of the gains came from its businesses in the Far East and the Indian subcontinent, which together saw a 14.6 percent jump in trade.
The government-backed company manages more than 60 cargo terminals on six continents.
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