Printer Friendly
Email a Friend
Ex-PSA managers boost Aden throughput
01 Mar 2007
Overseas Port Management (OPM), managed by several ex-PSA executives, has been granted a one-year extension to its three-year contract at Aden Container Terminal.
The facility was previously managed by PSA Corporation, which pulled out of its concession agreement in 2003 as insurance underwriters hiked rates because of the perceived increased security threat. However, OPM grew box traffic last year by 26% to 350,000 teu; in 2003, just 117,488 teu passed through Aden.
OPM now wants to develop the terminal to reach a capacity of 1.5m teu. To do this,one new 350 metre berth will be added to the existing 700 metrelong quay, while existing yard space will be expanded. OPM also has sufficient cash available to buy new cranes and a terminal management system. Should traffic build up so warrant, a further 1,000 metres of quay could also be brought into operation, although this will be dependent on the success of the adjacent free zone.
