Middle East – Page 12
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NewsWikiLeaks: Saudi Arabia eyes Arabian Sea port
According to a document recently published on WikiLeaks, authorities in Saudi Arabia are looking for a new access point on the Arabian Sea. This implies either a port in the Sultanate of Oman or in Yemen.
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Gulftainer celebrates 8% growth in volumes
Sharjah-based Gulftainer handled 6.4m teu in 2014, marking 8% growth over 2013.
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NewsSPIG nets Haifa concession
Shanghai International Port Group has won the tender to operate and maintain the new deepwater Haifa Bayport in Israel, media reports suggest.
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NewsDP World guns for 100m teu by 2020
Dubai-based international terminal operator DP World increased box throughput by 8.7% in 2014, moving 28.3m teu. Revenue rose to $3.4bn, while like-for-like profit jumped 25.3% to $757m.
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Israeli ports up for grabs
The Israeli government is to sell stakes in eight state-owned companies and the Mediterranean seaports of Haifa and Ashdod.
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NewsICTSI moves in on Iraq
International Container Terminal Services Inc (ICTSI) is taking advantage of new opportunities in developing Iraq, with expansion planned for its Basra Gateway Terminal (BGT) at the Port of Umm Qasr.
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ICTSI’s Iraq terminal goes online
International Container Terminal Services Inc’s (ICTSI) new Basra Gateway Terminal (BGT) has a plan to become Iraq’s premier container and multi-purpose cargo handling facility.
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Haifa repeats Konecranes order
Israel’s Haifa Port Company has placed a repeat order with Konecranes for three RMGs to join the 12 already at the port.
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NewsKhalifa terminal secures funding
Abu Dhabi Terminals (ADT) has acquired a financing agreement with Abu Dhabi Commercial Bank (ADCB) for the development of Khalifa Port Container Terminal (KPCT).
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NewsOpening doors
A temporary lift of sanctions is raising hopes for a boost in Iran''s port and terminal business. Aiden Grange reports
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Salalah struggles with transhipment levels
The container terminal at the Port of Salalah, in Oman, reported an 8% drop in container traffic in the first three quarters of this year, from 2.6m teu to 2.4m teu, while the general cargo terminal reported traffic up 26% to 7.8m tonnes.
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DP World to exit London Stock Exchange
DP World has announced plans to delist from the London Stock Exchange, claiming that only 1% of its trades are made through the UK’s exchange.
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NewsOnwards and upwards
No looking back for Middle East terminals that continue to climb the capacity ladder, reports Alex Hughes
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NewsAPMT rebuffs 'illegal' Aqaba strike
APM Terminals (APMT) says further delays to the regional transportation hub of Jordan, Aqaba Container Terminal (ACT), are expected following a “premature and illegal” strike last week.
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NewsOvercapacity continues to threaten Turkish port future
The threat of overcapacity in Turkey continues to hang over the sector, as operators rush to meet the changing demands of shipping lines.
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NewsPropping up the Omani economy
Sohar’s Freezone chief executive, Jamal Aziz, says that the port will become an even more important contributor to the Omani economy as Dubai cargo costs continue to rise.
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Police intensify corruption investigations at Ashdod Port
Alon Hassan, head of the Ashdod port union, has been placed under house arrest and barred from entering the port for 90 days as police continue to investigate alleged improprieties.
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NewsNew Haifa port development questioned
The development of a new port in the Haifa Bay area of Israel has been questioned by the head of a new Knesset subcommittee tasked with looking at the environmental and planning issues of the proposal.
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Four seek pre-qualification for new Israeli ports
Four international terminal operating companies have sought pre-qualification in respect of tenders to develop two new ports in Israel at Haifa Bay and South Ashdod.
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NewsICTSI invests in Iraq’s potential
International Container Terminal Services (ICTSI) is partnering with the Government of Iraq to invest US$130m in Umm Qasr Port in a bid to unlock the country’s economic potential.
