Middle East – Page 25
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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.
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Haifa upgrades to 24-hour working
Haifa Port Company Ltd commenced 24-hour working as from February, effectively doubling the amount of time the terminal is open. The pilot programme is aimed at reducing congestion, with up to 300 containers shifting from daytime to night time handling.
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NewsIsrael port ranking blow
A World Bank study has found that Israeli facilities lack efficiency compared with those in other countries, ranking them 33 out of 150.
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NewsCarmel port construction choas
Dredging work on Israel''s Carmel port that was halted by the Ministry of Environmental Protection has not delayed development plans of the port, according to Israel Port Company.
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Damietta invests $680m
The Egyptian port of Damietta is to invest $680m to improve existing installations and construct new quays to boost capacity to 4.5m teu.
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JPC development plan
Jordan Ports Corporation has announced a three-year, $69m development plan involving upgrades to infrastructure, construction work, quay rehabilitation and improvements to dock services. In 2007, Jordan''s ports handled 17.8m tonnes, a 4% improvement over the previous year.
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Chinese land Saudi contract
China''s Harbour Contracting Engineering Company in partnership with local company the Rafid Group has been awarded a $586.7m contract to undertake infrastructure work at Saudi Arabia''s proposed Ras Al-Zour port. To be completed by 2010 this development will serve local fertiliser and aluminium smelting complexes.
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NewsBeirut looks to the sea
The port of Beirut authority is considering a $40m project to reclaim an area of 150,000 sq m.
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NewsKGL rolls out ports fund
KGL Investment Company has established a $500m fund to finance port projects in emerging markets.
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NewsSaudi seals new port construction deal
The Saudi Ports Authority has signed a $586m contract with China Harbour Engineering Company (CHEC) for the design and construction of a new port in Ras Al-Zour following an international bidding process.
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NewsQatar throws $6bn at port development
The Gulf state of Qatar is to spend $6bn on developing a deep sea port to the north of Mesaieed covering an area of 20 sq km. Initial capacity will be 2m teu, rising to 6m teu by 2030, when the entire complex will be fully operational.
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Foreign groups linked to Iranian investment
ICTSI and India's Hinduja Group have both been linked with a possible 45% equity acquisition involving Iran's Tidewater Middle East Marine Services Company, which is currently owned by the Ports and Shipping Organisation.
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Port Rashid to close?
Part of Dubai''s Port Rashid may be forced to close at the end of next year because of its inability to accommodate the largest containerships currently operating in the Gulf.
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NewsMaersk first into TICT
Maersk was the first shipping line to make use of the new ICTSI''s Tartous International Container Terminal in Syria. Investment of $37m is being made in the terminal, which is equipped with two Liebherr mobile harbour cranes.
