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Friday, 15 March 2013

Aqaba completes its $140M berth expansion

Aqaba Container Terminal (ACT), at the Jordanian port on the Red Sea, has completed its $140 million expansion.

Its quay is now 200 metres longer. Two new ship to shore cranes (STS) and four rubber tyred gantry cranes (RTGs) have been added to the facility.

The berth expansion, whose completion was celebrated in an official ceremony on Tuesday, is expected to increase the terminal’s annual capacity to 1.5 million TEUs. Last year, ACT recorded a 16% increase in container throughput to 833,000 TEUs.

The new cranes can handle a reach of 22 rows and perform 30 moves per hour, says operator APM Terminals. According to its press release, the port can work three ships simultaneously.

“The expansion contributes to higher productivity and port capacity for shipping lines to expand trade,” commented ACT’s chairman Kamel Mahadin. ACT’s CEO Soren Hansen added: “This is the first step of our expansion program, completed on schedule and a major step forward in our goal to double the port’s capacity and become a new regional shipping hub.”

Aqaba Container Terminal is a joint venture between APM Terminals and Aqaba Development Corporation (ADC), the Jordanian government's central development vehicle for the Aqaba Special Economic Zone (ASEZ).

“Aqaba is strategically located at the crossroads of four countries and three continents,” observed APM Terminals Regional CEO, Peder Sondergaard, in Tuesday’s ceremony. “Our $140 million investment in the port reflects our strategic plan to create a trade centre for the Red Sea and Middle East inland destinations.”

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