COSCO Shipping Ports and Abu Dhabi Ports have inaugurated CSP Abu Dhabi Terminal at Khalifa, positioning Abu Dhabi as the regional hub for Cosco's global network of 36 ports, reports Bahrain's Trade Arabia.
The terminal has an annual capacity of 2.5 million TEU and will begin with a handling capacity of 1.5 million TEU, with 1,200 metres of quay. The water depth of the terminal is 16.5 metres, allowing it to accommodate 20,000 TEUers.
The terminal further connects the emirate of Abu Dhabi to the major trade hubs along China's Belt and Road.
The deepwater, semi-automated container terminal includes the largest container freight station (CFS) in the Middle East, covering 275,000 square metres.
The state-of-the-art facility offers facilities for full and partial bonded container shipments, the full range of container packing services, short-term warehousing for de-consolidated cargo as well as easy connectivity with container terminals in Khalifa Port.
The terminal is also the first international greenfield subsidiary of Cosco Shipping Ports, a subsidiary of China Cosco Shipping, the largest integrated shipping enterprise in the world. CSP has so far invested AED1.1 billion (US$299.48 million) in capital expenditure on construction and machinery at the terminal.
The partnership with Cosco Shipping Ports is part of a five-year strategy by Abu Dhabi Ports aimed at strengthening the maritime sector in Abu Dhabi and driving economic diversification, in line with Abu Dhabi Economic Vision 2030, by increasing regional trade and attracting foreign direct investment.
Abu Dhabi Ports has earmarked AED10 billion (US$2.72 billion) in investment that will increase capacity at Khalifa Port from the current five million TEU to 9.1 million TEU, which also includes boosting capacity at Terminal 1 to more than five million TEU.
Source: SchednetPrevious Next
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