UAE's Gulftainer eyes tripling of container volumes by 2026

Port operator posts 4% growth across global portfolio in 2015; set to launch Lebanon operations this year
By Staff writer
Fri 11 Mar 2016 12:55 AM

UAE-based Gulftainer, the world’s largest privately-owned, independent port operator, has recorded a four percent growth in global container volumes in 2015.

Recording a nine percent spike in container volume, the company’s UAE terminals in Khorfakkan and Sharjah emerged as the strongest performers last year, the company said in a statement.

It added that it plans to launch operations in Lebanon in 2016, while tripling of container volume over next decade.

Gulftainer’s operations in the UAE currently include the Khorfakkan Container Terminal (KCT) and the Sharjah Container Terminal (SCT) at Port Khalid and the Sharjah Inland Container Depot (SICD).

The company’s international presence spans the Middle East, Europe, and the Americas with projects in Iraq (Umm Qasr), Saudi Arabia (Jeddah and Jubail), Brazil (Recife) and the US (Canaveral).

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

“Gulftainer is currently on a growth path to expand organically as well as through leveraging new contracts from 2015. Our outlook for 2016 remains cautiously optimistic. We will continue to invest in infrastructure to meet the requirements of our customers serving newer, larger ships and step up our capacity to handle higher volumes per call.

"As we steer ahead with this goal, it is encouraging to note that our terminals continue to build credibility both at home and internationally with their above market operational performance.”

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

Subscribe to our Newsletter

Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.