The global terminal operator said it made $372m compared to $295m in the first half of the prior year.

Revenue rose by 10% to $1.65bn while net finance cost for the first six months was $140m, down from $154.5m in the corresponding period.

Ahmed Bin Sulayem, the company’s chairman, said: “The addition of new capacity and pick-up in global trade has resulted in a return to robust volume growth, which has translated into an impressive financial performance.”

DP