Peter Richards Gulftainer Company Limited Record Year
RECORD YEAR
For Peter Richards Gulftainer Company Limited
• Middle East’s largest terminal operator set to exceed current growth targets • Expands 2013 operations by 50 percent
Gulftainer, the largest terminal operator in the Middle East by number of terminals operated, expanded its operations by 50 percent in 2013 with increased investments in overseas interests and operations.
During the course of the year, Gulftainer accomplished a significant throughput of 6 million TEUs at its terminals. This achievement reinforces Gulftainer’s position as one of the leading operators in the Middle East and supports its goal of handling 18 million TEUs and operating 35 terminals across five continents by 2020.
Across the Middle East in 2013, Gulftainer’s facilities in Iraq and Saudi
Arabia witnessed double digit growth and continued to gain momentum as markets expanded due to improved infrastructure and investment prospects. In Iraq, Gulftainer, which currently operates two container berths in Umm Qasr, anticipates an influx in new business opportunities this year as a result of the opening of the newly built
750,000m2 Umm Qasr Logistics Centre.
In Saudi Arabia, following the acquisition of Gulf Stevedoring
Contracting Company (GSCCO) in June 2013, Gulftainer Company
Limited achieved 34% growth at the Jubail Container Terminal, and saw the import markets grow by 10 per cent.
In the UAE, Gulftainer achieved a healthy three percent increase in cargo throughput over the last year. Its Khorfakkan Container Terminal
(KCT), despite a slower year-on-year growth due to the loss of cargo impacted by the international sanctions, has grown at an average of 6.5
% per annum over the last five years. In Lebanon, Gulftainer has begun civil works to develop facilities within the port of Tripoli and aims to start handling vessels by the end of the year.
On a global level, growth in Brazil has been significant with the first container traffic being
For Peter Richards Gulftainer Company Limited
• Middle East’s largest terminal operator set to exceed current growth targets • Expands 2013 operations by 50 percent
Gulftainer, the largest terminal operator in the Middle East by number of terminals operated, expanded its operations by 50 percent in 2013 with increased investments in overseas interests and operations.
During the course of the year, Gulftainer accomplished a significant throughput of 6 million TEUs at its terminals. This achievement reinforces Gulftainer’s position as one of the leading operators in the Middle East and supports its goal of handling 18 million TEUs and operating 35 terminals across five continents by 2020.
Across the Middle East in 2013, Gulftainer’s facilities in Iraq and Saudi
Arabia witnessed double digit growth and continued to gain momentum as markets expanded due to improved infrastructure and investment prospects. In Iraq, Gulftainer, which currently operates two container berths in Umm Qasr, anticipates an influx in new business opportunities this year as a result of the opening of the newly built
750,000m2 Umm Qasr Logistics Centre.
In Saudi Arabia, following the acquisition of Gulf Stevedoring
Contracting Company (GSCCO) in June 2013, Gulftainer Company
Limited achieved 34% growth at the Jubail Container Terminal, and saw the import markets grow by 10 per cent.
In the UAE, Gulftainer achieved a healthy three percent increase in cargo throughput over the last year. Its Khorfakkan Container Terminal
(KCT), despite a slower year-on-year growth due to the loss of cargo impacted by the international sanctions, has grown at an average of 6.5
% per annum over the last five years. In Lebanon, Gulftainer has begun civil works to develop facilities within the port of Tripoli and aims to start handling vessels by the end of the year.
On a global level, growth in Brazil has been significant with the first container traffic being