Khorfakkan Container Terminal

Khorfakkan Container Terminal

Gulftainer advances

It has made significant progress and is today invited by port authorities to manage terminals

April 2014

Gulftainer, the largest terminal operator in the Middle East by number of terminals operated, expanded its operations by 50 per cent in 2013 with increased investments in overseas interests and operations.

During the course of the year, Gulftainer accomplished a significant throughput of 6 million teu at its terminals. This achievement reinforces its position as one of the leading operators in the Middle East and supports its goal of handling 18 million teu and operating 35 terminals across five continents by 2020.

Across the Middle East in 2013, Gulftainer’s facilities in Iraq and Saudi Arabia witnessed double-digit growth and continued to gain momentum as markets expanded due to improved infrastructure and investment prospects. In Iraq, Gulftainer, which currently operates two container berths in Umm Qasr, anticipates an influx in new business opportunities this year as a result of the opening of the newly built 750,000 sq m Umm Qasr Logistics Centre.

In Saudi Arabia, following the acquisition of Gulf Stevedoring Contracting Company (GSCCO) in June 2013, Gulftainer achieved 34 per cent growth at the Jubail Container Terminal, and saw the import markets grow by 10 per cent.

In the UAE, Gulftainer achieved a healthy three per cent increase in cargo throughput over the last year. Its Khorfakkan Container Terminal (KCT), despite a slower year-on-year growth due to the loss of cargo impacted by the international sanctions against Iran, has grown at an average of 6.5 per cent per annum over the last five years. In Lebanon, Gulftainer has begun civil works to develop facilities within the port of Tripoli and aims to start handling vessels by the end of the year.

On a global level, growth in Brazil has been significant with the first container traffic being handled in the Port of Recife in more than a decade. Trade is expected to grow significantly in the coming months as extensive investment and expansion plans are undertaken by the port authorities at Recife.

“The overall growth achieved in the last 12 months has exceeded anything we’ve done in previous years,” said Peter Richards, managing director of Gulftainer. “We are at an exciting stage where we are being invited by port authorities to enter and establish our facilities in new territories.”

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