Home / Business / Gulftainer records 8 percent growth in container volume

Gulftainer records 8 percent growth in container volume

Global port terminal operator Gulftainer, recorded an 8 percent growth in container volume in 2014, handling a total of 6.4 million twenty-foot-equivalent units (TEUs) across its global operations portfolio. Gulftainer is a wholly-owned subsidiary of Sharjah-based Crescent Enterprises and operates Sharjah Container Terminal (SCT) located at Port Khaled in the heart of the city of Sharjah, Khorfakkan Container Terminal (KCT) on Sharjah’s east coast and an inland container depot on the emirate’s border with Dubai.

According to the Gulftainer, it recorded robust growth across its global terminal operations. The operator has port management contracts in Brazil, Russia, the Middle East and the USA, with a corporate presence across Africa, Europe, Asia, and the Americas. Last year saw Gulftainer sign a 35-year agreement with Port Canaveral, via its company GT USA, to manage the Florida port’s new container and multipurpose sea cargo terminal. The agreement marked the port operator’s first venture in the USA and the company is expected to invest up to US$100 million (AED 367m) in equipment and personnel to operate the new terminal.

Gulftainer ‘s UAE terminals recorded a total volume of 3.8 million TEUs in line with the all-round growth in business, while Sharjah Container Terminal (SCT) surpassed 400,000 TEUs in annual throughput for the first time. The operator has also invested heavily in infrastructure, commissioning new state-of-the-art Ship to Shore (STS) and Rubber Tyred Gantry (RTG) cranes for Khorfakkan Container Terminal (KCT) in an effort to increase overall performance and productivity. KCT is only fully fledged operational container terminal in the UAE located outside the Strait of Hormuz.

Gulftainer plans to triple its volume of business over the next decade via organic growth across its portfolio, exploring green field opportunities and considering potential mergers or acquisitions.

Source: Gulftainer

About The Editor

Check Also

Gama Aviation signs agreements to build and operate a US$30 million business aviation terminal

Gama Support Services, a division of global business aviation services company Gama Aviation, has signed ...

Leave a Reply

Your email address will not be published. Required fields are marked *