Middle East – Page 22
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NewsAshdod port says no to new container capacity
Ashdod Port Company Ltd has written to the Israeli government to state that no new container handling facilities need building in the port for at least 15 years.
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Tender issue for Boubyan island
Kuwait is to issue a tender for the development of a port on Boubyan Island, located at the entrance to the waterway leading to Iraq''s main port in the Gulf.
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DP World to sell equity stake as profits fall
Dubai-based private equity fund, Abraaj Capital, has been linked to a 15% stake in DP World, an approach that has been confirmed by the terminal operator.
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Port Said tariff incentives
Port Said Container and Cargo Handling Co has implemented a range of pricing discounts to encourage exporters, importers & investors to co-operate with its container terminal and dry port. The incentives include a 50% reduction in reefer power tariffs and 10 days free storage of import containers.
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Waiting times to fall at Algiers
By the beginning of next year, DP World has stated that waiting time for vessels at the port of Algiers will be reduced from three weeks to just four days.
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Stake in Israeli ports up for grabs
The Israeli government is planning to offer a 49% stake in both Ashdod Port Company Ltd and Haifa Port Company Ltd in 2011 in shares that will be listed on the Tel Aviv Stock Exchange. Arrangements to do this have already been included in the Ministry of Finance''s 2009 economic ...
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NewsJordan port study
A field study for a new port in the Gulf of Aqaba on the southern tip of Jordan has been completed.
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Expansion at Beirut
The Lebanese government will issue a tender by the end of April for a $120m expansion of the port of Beirut. Work is due to take no more than 30 months and will boost capacity to 450,000 teu. A new 40,000 sq m piece of land will be reclaimed, increasing ...
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Congestion haunts Jeddah
Jeddah Islamic Port is currently experiencing very high levels of congestion, prompting some vessels to bypass the city and use regional alternatives. Importers are being offered an exemption from berthing fees due to delays.
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DP World remains profitable
DP World reported profits in 2008 of $621m, an increase of 48%. Revenue went up 20% to $3.23bn, while throughput rose 15% to 27.7m teu. Cash generated by operations rose 12% to $1.06bn.
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NewsGulftainer increases capacity
Gulftainer, operator of the container terminals at Sharjah (SCT) and Khorfakkan (KFT), is to boost combined capacity to 4m teu by the end of this year.
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Jebel Ali T2 to open
Jebel Ali port opened Terminal Two at the end of February, adding an additional 5m teu capacity, and upping the port''s overall capacity to 14m teu. In 2012, DP World will also open a new port at Taweelah.
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APL and Salalah team up
Shipping line APL and Oman''s Port of Salalah have joined forces to operate a new two-berth container terminal.
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TICT transhipment coup
Tartous International Container Terminal has been granted permission to handle transhipment traffic, a first in Syria.
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Itanian states backs port investment
Approximately $3.3bn has been invested in Iranian ports in recent years, claims the country''s Ports and Shipping Organisation.
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Doha to have Dutch design
The new Doha Port in Qatar is to be designed through a partnership between WorleyParsons Qatar WLL and Royal Haskoning, which will develop the port''s master plan and full engineering design.
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Gulftainer shows 2008 growth
Volumes at Gulftainer''s terminals in the United Arab Emirates - Khorfakkan Container Terminal and Sharjah Container Terminal - grew by over 15% in 2008, reaching 2.5m teu.
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Sohar bulk jetty to go ahead
Expressions of interest have been invited for companies interested in building a deep water bulk jetty at the Port of Sohar in Oman. The jetty will be 600 metres long and connected by a 700 metre long trestle to the existing breakwater.
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Easing congestion
Congestion was an issue at DP World''s flagship terminal at Jebel Ali for part of last year, but the company says the problems were resolved by a series of initiatives - including expanding yard capacity, working with customers to manage berthing times, and increasing storage fees to "encourage" shippers to ...
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Algerian agreements
DP World signed agreements with the Algerian government in November, to take over the operation of the ports of Algiers and Djen-Djen.
