Middle East – Page 33
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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in Iraq have issued a new tender for the management and development of five ports; an earlier tender had to be withdrawn since it proved to be insufficiently comprehensive to allow companies to bid.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.
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NewsAden: DON'T WRITE IT OFF
Paul Grant reports from Aden that despite the consequences flowing from two devastating maritime terrorist attacks, and now the withdrawal of PSA Corp from its Aden Container Terminal joint venture, the port is fighting back.
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NewsBeirut aims to crack Iraqi humanitarian market
The UN''s World Food Programme is currently making use of six Middle East ports to direct relief aid through to Iraq. Lebanon has recently joined Syria, Jordan, Kuwait, Turkey and Iran after agreeing to cut several port tariffs at Beirut by 50% and abolish others completely.
