DP World has seen volumes increase by just 2.2% to 47.5mteu for the first nine months of 2016, figures released Tuesday show.

Its European and Indian subcontinent terminals continue to deliver a “robust performance”, while conditions in Australia and Latin America “remain challenging”. 

The United Arab Emirates (UAE) handled 11.1mteu, down 6.7% year-on-year due to a reduction in lower-margin transhipment cargo.

“Despite