DP World welcomes new cranes and productivity gains

ZPMC quayside post-panamax equipment for Sydney and Perth

DP World welcomes new cranes and productivity gains
Port Botany's new DP World crane arrives.



DP World chairman Sultan Ahmed Bin Sulayem has taken time to mention productivity in Australia just as new cranes arrived here.

DP World Australia is taking delivery of two new ZPMC quayside post-panamax cranes for Port Botany and Fremantle.

A white crane is the second post-panamax crane for DP World in Fremantle and the fifth in the Fremantle Inner Harbour, while a yellow crane will be the fourth such for Port Botany Terminal.

The cranes were built on Changxing Island, China, by the Shanghai Zhenhua Heavy Industries Company over the previous 16 months.

Meanwhile, DP World released its preliminary financial results for 2014, in which it reported a 9.5 per cent rise in net profits from US$640 million to US$701 million.

"We have ambitious strategic goals to maximise financial returns, strengthen global supply chains and create sustainable economic growth around the world," DP World chairman Sultan Ahmed Bin Sulayem says.

"Our performance in 2014, whereby we outperformed the industry, illustrates that our strategy is bearing fruit as we benefitted from increased volumes across our global portfolio, including Embraport in Brazil and London Gateway in the UK which came on stream in 2013."

Locally, he adds: "We launched our upgraded facility at the Port of Brisbane, Australia’s most advanced semi-automated terminal, offering improved safety, productivity and energy efficiency through the use of remotely operated automated stacking cranes."

Australia is bracketed with the Americas and figures are not broken down.

"Market conditions in the Australia and Americas region were mixed. Volatile currency and weaker commodity prices led to softer economic growth in the region but, despite these headwinds, we delivered a resilient performance," the group says.

"Revenue grew by 5.7 per cent to $628 million, despite flat throughput growth as containerised revenue per TEU rose 8.5 per cent.

"The loss from equity-accounted investees increased to $38 million, reflecting a full year contribution from Embraport and a softer performance in Australia."


DP World

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