DP World handled 46.5 million TEU in the first nine months of 2015
DP World Limited handled 46.5 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals during the first nine months of 2015, with gross container volumes growing by 3.2% on a like-for-like basis. On a reported basis gross volumes grew by 3.7%.
Khalifa Port Container Terminal named 3rd fastest growing port worldwide
Port operator, Abu Dhabi Terminals, announces strong spot in ranking based on significant increase in volume handled at Abu Dhabi’s main port
Gulftainer’s Managing Director Peter Richards wins Golden Helm Excellence Award 2015
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).
PDC to award Port of Duqm tender by end of year
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.
Foreign interest in Iraq’s Port Faw project may push back tender deadline
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 and Iran plan Chabahar port and transport corridor deal
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.
APMT eyes port growth in Oman
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.
Fall in Chinese exports in March raises concerns for sea trade
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.
Iraq seeks investors for $6.5bn Grand Faw port project
The Iraqi Ministry of Transport has invited international investors to register their interest in the country’s proposed Grand Faw port project.
Port investment helps China overtake India as UAE’s largest trading partner
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.
