Port operator, Abu Dhabi Terminals, announces strong spot in ranking based on significant increase in volume handled at Abu Dhabi’s main port
Sharjah, UAE; September 21, 2015: Peter Richards, Managing Director of Gulftainer, the largest privately-owned, independent port operator in the world, has been awarded the Golden Helm Excellence Award 2015 in the Trade and Export category by Sharjah’s International Maritime Club (IMC).
Officials from Oman’s Port of Duqm expect to award the tender for upgrade work at the site by the end of this year as part of plans to reach capacity of 3.5 million TEU per annum by 2017.
Authorities in Iraq may extend the deadline for bids to develop the Port of Faw in the south of the country following strong interest from foreign firms. The port is slated to become the third largest commercial port in the world once complete.
India’s Shipping Minister Nitin Gadkari is widely expected to finalise investment plans for major upgrade work at Iran’s Chabahar port this week when he meets with Iranian authorities in Tehran.
Improved integration of transport infrastructure combined with regulatory reform and investment in Oman could propel port growth in the country, according to global port operator APM Terminals.
A surprise fall in Chinese export growth for March may signal a slowdown in global trade, directly impacting shipping and port demand, according to analysts.
The Iraqi Ministry of Transport has invited international investors to register their interest in the country’s proposed Grand Faw port project.
China has overtaken India as the largest trading partner for the United Arab Emirates as competition in the shipping sector between Asia and the Middle East has driven growth in the region.
Authorities in the Maldives islands are reportedly in talks with operator DP World to move commercial port facilities from the Port of Malé to Thilafushi, an artificial island in the south of the island chain.