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Thursday, 25 June 2015

Gulftainer aims for 5 U.S. terminals by 2020

Emirati logistics firm Gulftainer plans to add a second U.S. container terminal to its portfolio in Q1 2016 and operate as many as 5 terminals in the country by 2020 as it seeks to gain greater market share in the region, according to comments from managing director, Peter Richards.

The firm last week launched its first US container terminal at Port Canaveral in Florida following the signing of a 35 year lease. Operations at the firm’s Canaveral Container Terminal  (CCT) are expected to commence on the 1 July.

“We will be as big as Miami and as big as Jacksonville in years to come. I’m vey bullish on cargo volumes,” Richards said in comments to Gulf News about growth forecasts for the CCT.

The firm is planning to add a second U.S. terminal and a new African terminal in the course of the next year and by 2020 aims to have five terminals in the US as well as new projects in South American growth markets such as Argentina, Guatemala, Honduras and Mexico, according to Richards.

The firm has previously stated that it expects the volume of containers it handles over the coming decade to triple as global sea trade booms. The prediction follows growth of 8% in 2014 when the company handled a total 6.4 million TEUS.

Throughput to date however has been primarily driven by expansion in its home country of United Arab Emirates (UAE), which accounted for over half of all traffic at 3.8 million TEU. 

Most of this was via one terminal, Gulftainer’s sprawling Khorfakkan Container Terminal (KCT) which has developed into a key transhipment hub serving the Middle East, Indian Sub-continent and East African markets.

 “Our extensive network and technological expertise are the strengths that have enabled us to expand our footprint to new locations. We continuously invest in enhancing our infrastructure, thus boosting reliability, operational efficiency and productivity,” Iain Rawlinson, group commercial director at Gulftainer said.

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