15-03-2016

Gulftainer 2015 volume up 4pc, handles 19,561 TEU from single ship

Gulftainer

THE world's biggest privately-owned and independent port operator Gulftainer recorded a strong performance in 2015, with an overall growth of four per cent across its global portfolio.

Khorfakken Container Terminal and Sharjah Container Terminal emerged as the company's strongest performers in 2015 with collective throughput increasing nine per cent year on year.

The Khorfakken terminal set a new record of handling a total volume of 19,561 TEU for a single vessel, reported the UK's Port Strategy.

In Iraq, Gulftainer's Umm Qasr Logistics Centre marked another significant milestone, reaching one million TEU over the five-year period since it commenced operations in 2010.

"The container industry worldwide is witnessing challenges in growth volumes due to a slowdown in the Chinese and European markets," said Gulftainer CEO Flemming Dalgaard.

"However, Gulftainer's success in bucking this trend with positive and robust performances across our terminals underlines our ability to adapt to market volatilities and economic fluctuations."

In addition to port activities, the company's 3PL company Momentum Logistics, which operates freight forwarding, trucking, warehousing, container repair and contract logistics, also reported positive growth in 2015.

Looking ahead, Gulftainer has earmarked an ambitious growth strategy to triple volumes by 2026 and expand its operations through investment in infrastructure.

Source: Schednet

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