Middle East – Page 32
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NewsDUBAI INC. DRIVES REGION FORWARD
War and security concerns, political and religious tensions - none of these things have dented the region''s seemingly relentless trade surge with the principal transhipment hubs all showing remarkable throughput increases (see Table 1).
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Iraqis take over but SSA stays for time being
As from the beginning of July, responsibility for ports in Iraq passed to the new Iraqi Port Authority (IPA) technically bringing an end to the fiveyear concessions awarded by the Coalition Provisional Authority to SSA Marine and AP Moller to manage the ports of Umm Qasr and Khor Al Zubair. ...
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BEIRUT MULLS BIDS
ICTSI, CMA CGM and International Maritime Associates of the US have been shortlisted for the 10-year contract to operate Beirut''s $150m container terminal, three years after Dubai Ports Authority pulled out. The Lebanese government is expected to reach a decision this autumn.
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NewsNew ICD Emirates' fourth port
Sharjah' s new ICD ( PS May 2004 ) has been designed to handle containers moving from Khorfakkan to the West Coast Terminal at Sharjah. According to operators Gulftainer, the ICD is effectively the Emirate' s fourth port located just outside Sharjah city on the border with Dubai. Manager Peter ...
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UAE cements maritime ties with Iraq
There has been a boom in sea trade between the United Arab Emirates and Iraq in the post-Saddam era, mostly using traditional dhows plying between Dubai Creek and ports such as Umm Qasr and Abul Folous. Around 300 dhows carry cargoes such as tyres, clothes, rice, pulses, edible oils, electronics, ...
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What's on the Iraqis' shopping list?
The effect on the ports sector has not been just the recent invasion of Iraq by the coalition forces, writes Steve Cameron . Since the 1980s the combination of the IranIraq and first Gulf wars left a development vacuum in Iraq''s ports with virtually no progress for 20 years. Set ...
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NewsIsrael's Jubilee Port stays within state
In 2003, Israel''s national ports authority made an operating profit of $74.75m on revenues of $459.35m, down 2% over 2002. Following a $90.13m transfer of cash back to the state, the organisation remained in financial equilibrium on the year. $368.34m of total income was derived from operations, $36.61m from financial ...
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NewsSokhna gets new equipment
Egypt''s Ain Sokhna port will install transportation security equipment provided by the American Science and Engineering Inc.
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NewsSokhna development on track
Vopak-Horizon Fujairah Limited, (VHFL), a joint venture between Holland''s VOPAK and Horizon Terminals Limited (HTL), a wholly-owned subsidiary of Emirates National Oil Company (ENOC), has struck a joint venture with Egypt''s Sokhna Bunkering Company, (SONKER), with the aim of building a bulk liquids terminal at Sokhna Port, 40 km south ...
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Iraq cranks up oil exports
The Al Amaya oil terminal in southern Iraq, which was effectively destroyed during the war with Iran, is currently exporting 400,000 barrels a day from two reopened berths.
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NewsAPMT to manage Aqaba
APM Terminals has signed a two-year agreement to manage and develop Aqaba Container Terminal (ACT), Jordan''s only box-handling facility, which registered a throughput of 320,000TEUs in 2003. This award was almost certainly prompted by shipping lines levying congestion surcharges on containers offloaded at the port. Those arriving from the Far ...
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NewsIraqi five-port tender delayed
US authorities in Iraq have issued a new tender for the management and development of five ports; an earlier tender had to be withdrawn since it proved to be insufficiently comprehensive to allow companies to bid. DPA, APM Terminals, P& O Ports and a Kuwaiti/Iraqi joint venture are all short-listed ...
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NewsTripoli in Iraqi car boom
Lebanon' s second port of Tripoli reports a boom in vehicle imports thanks to resumed trade with Iraq. Over the past year new vehicle imports have averaged 7,000 a month, an increase of 700%, with more than two million vehicles expected to use the port over the next two years.
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Israel grants workers
Overall, he notes, Indian ports are beginning to lack competitiveness compared to other regional players, which places the country's overseas trade at risk.The Israeli government is offering port workers at Haifa and Ashdod a total of $9.95m in grants to buy heavily discounted shares, if they support the proposed IPO, ...
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Israel defers ports' privatisation
Israel''s finance ministry appears to be about to reverse its policy on privatising operations at the ports of Ashdod, Haifa and Eliat and on dismantling the ports authority structure. Any move towards selling terminals to private sector companies has been fiercely resisted by organised labour, even though this was a ...
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Aqaba reports record throughput
Applications totalling over $987m had been submitted by ports across the country seeking funding assistance in order to comply with new U.S.Aqaba Ports Corporation has acquired two MHCs from Germany to enable 85 containers/hour to be handled at its container terminal which has been handling record volumes - up 75% ...
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Beirut seeks terminal operator
Beirut port authority was due to issue a tender seeking an operator for its new container terminal. The document which has been prepared by US consultants the Cornell Group, envisages a 10-year concession including an option for a further five years. $3m of investment will be mandatory as will a ...
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Kuwait revamps ports to chase Iraqi traffic
Kuwait Ports Authority (KPA) is to invest $100m in upgrading capacity at its three container terminals in the ports of Shuwaikh, Shuaiba and Doha in order to cope with an expected upsurge of 45% in demand to and from Iraq following the recent regime change there.
