Middle East – Page 25
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NewsMiddle East projects boom
According to research company Proleads, there are around 50 port development projects in the Middle East valued at in excess of $33bn, with budgets ranging from $10m to $5.5bn.
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Iraqi imports thriving
The port of Umm Qasr, which is the entry point for 80% of Iraqi imports, is said to have doubled traffic following a government crackdown on militia activity in Basra province earlier this year.
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Israel workers' share
Trade union representatives of Israeli port workers have suggested that the government could put together a sweetheart stock deal for its members as part of the planned privatisation of Haifa and Ashdod, which is slated for completion by 2020.
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DP World reaches into Aden
DP World and Aden Port Corporation (ACT) have signed a joint venture agreement allowing the former to operate container handling facilities at both Aden Container Terminal and Ma''alla Container Terminal.
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APM further cements Tanger commitment
APM Terminals in partnership with Morocco''s Akwa Group has been awarded the concession to operate Terminal 3 at Tanger-Med II, which has a capacity of 3m teu.
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Damascus terminal 'ready for brisk business'
Prime Minister Mohammad Naji Ottari of Syria has officially inaugurated the Tartous International Container Terminal (TICT), Syria''s newest international trading gateway nearest to the country''s capital Damascus. The terminal is "ready for brisk business", according to Budhadev Majumdar, TICT general manager.
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Transas presence in Khalifa
Transas Middle East is to install and commission a Vessel Traffic Management Information System at the new Bahrain port of Khalifa, which is slated to become a regional transhipment hub. The software solution is due to be in place by mid-autumn.
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CVRD to invest in Oman
CVRD is to invest $1bn in Oman in the construction of an iron ore pelletisation plant and distribution centre at the Port of Sohar, which is also collaborating financially on the project. Annual throughput will be 7.5m tonnes of pellets.
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NewsGiant dredgers for Dubai
A joint venture between Boskalis Westminster Middle East and Dredging International will see both companies mobilise some of the biggest trailing suction hopper dredgers in the world for the construction and expansion of Port Rashid, Dubai.
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Salalah splashes out on equipment
Oman''s Port of Salalah is to invest $112m on supplying new handling equipment for recently commissioned berths, which will boost capacity from 4.5m teu to 6m teu.
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Saudi traffic up
Overall, in the first quarter, ports in Saudi Arabia handled a combined 36.1m tonnes, 9.94% up on the previous year.
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Israeli port reform
A tariff reform being considered for Israeli ports could save up to $290m over the next 10 years. In addition, port users willing to undertake operations outside normal daytime shifts will receive fixed discounts as an incentive.
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DP World buy-back
DP World is to ask its shareholders for approval to buy back 581m of its shares. At the same time, it is considering issuing securities totalling $553m, equivalent to one third of its existing share capital.
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Aqaba on the move
The government of Jordan has given the go-ahead for a $5bn relocation and upgrading of the Red Sea port of Aqaba and general development of the surrounding area.
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APM quits Qasim
APM Terminals is to cede to DP World the 20% stake it holds in Qasim International Container Terminal. DP World is already the majority shareholder at QICT.
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More contracts to come at Khalifa
After having awarded contracts worth $952m to build the initial phase of Khalifa Port, the government of Abu Dhabi has announced its intention to issue a new round of tenders covering additional construction work.
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DP World inks Saudi deal
Developer Emaar EC and DP World have signed an agreement to build and manage a new port in Saudi Arabia at King Abdullah Economic City.
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NewsNo moor vessel surge
Cavotec''s innovative vacuum-based mooring system has been introduced at APM Terminals'' container facility at the Port of Salalah, Oman.
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Bahrain to triple throughput
Bahrain''s new Shaikh Khalifa bin Salman container port is expected to at least triple box traffic in the country within five years of commencing operations. It will replace Mina Salman as the main gateway port for containers. The new facility will have 15 m of draught and be able to ...
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Gulftainer continues overseas expansion
United Arab Emirates-based terminal operator Gulftainer is currently negotiating with authorities in both Turkey and India with a view to assuming managerial responsibilities of maritime assets. Both container and general cargo traffic is reportedly being considered.
