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DP World's freight volumes slide due to trade war concerns

Freight volumes at Dubai-based terminal operator DP World declined slightly during the third quarter due to news regarding various sanctions and concerns about the trade war.

Photo: Bloomberg

Terminal operator DP World reports a small downturn during the third quarter this year.

"As highlighted in our first half throughput announcement, we have seen our volume growth decelerate due to the strong prior year performance and general caution in the market given the current uncertainty in global trade," says DP World CEO and group chair Sultan Ahmed bin Sulayem in a press statement.

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