USTR fee could price Chinese carriers out of US trades
The October implementation of the US Trade Representative port fees will mean a “forced concentration” ...
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DP World reported a 3.2% upturn in volumes in 2016, handling 63.7m teu, with like-for-like volumes up 2.2% on 2015.
However the port operator’s flagship hub, Jebel Ali, continued to struggle, with UAE volumes down 5.3% year-on-year.
Over the course of 2016, the operator handled 14.7m teu in the UAE, almost 1m fewer than in 2015.
DP World (DPW) faced a 5.9% first-quarter deficit that, by September, reached 6.7% year-on-year – although it managed to stop the rot in Q4, which was down just 0.7%.
Neil Davidson, senior analyst ...
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