Hutchison takes up Basra port contract
Hutchison Ports has partnered up with an Iraqi terminal operator in order to expand its Middle East growth strategy.
The Hong Kong-based port operator has agreed to partner with NAWAH Port Management L.L.C. (NPM) to manage existing and future operations at the Port of Basra in southern Iraq.
“We view NPM’s operations at the Port of Basra as an integral piece of our expanding Middle East strategy and are excited about the opportunities this partnership creates,” said Andy Tsoi, Hutchison Ports’ managing director, Middle East and Africa.
“We believe strongly in the growth story of Basra, Iraq, and the Middle East as a whole and are delighted to have the opportunity to participate in and support the growth of the business over the long term.”
Eric Clark, CEO of NPM, added: “We are delighted for the opportunity to partner with one of the leaders in the industry – a company which shares our vision of NPM as both a unique maritime asset in southern Iraq as well as strategic platform in the epicenter of one of the fastest growing regions in the world.”
The partnership will see Hutchison Ports assume oversight of day-to-day commercial and operational activities at NPM, operating under the name of Hutchison Ports Basra.
NPM is a containerised terminal operator at the Port of Basra located along the Shatt Al Arab waterway in Iraq. Its close proximity to the city centre and major oilfields and its operations are viewed by many as key competitive advantages versus other ports in the region.
LATEST PRESS RELEASES
Christchurch, 06 July 2018 – PT Pelabuhan Indonesia I (Pelindo I) has chosen the terminal operating ... Read more
Gantrex has recently announced the launch of a whole new product category to its portfolio, the TrenchLok™ Cable Trench Cover.
Gantrex’ TrenchLok™ cable trench cover, efficiently and economically protects cranes’ power cables f... Read more
TGI Maritime Software launches two complementary modules allowing yard optimization and hazardous co... Read more
Asia’s future energy needs on the agenda at Tank Storage Asia 2018: Read more
Portunus Naem, the Egyptian branch of Portunus Port Spares & services is appointed as official Dana ... Read more
Our new office in Spain is not even a year old and we already celebrate two successfully completed i... Read more