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Wed 31 Aug 2016 01:44 PM

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Oman's Sohar Port says volumes rise 18% during H1

Vessel movements at the port up by nearly 6%, with more than 1,300 ships calling between January and June

Oman's Sohar Port says volumes rise 18% during H1

Container volumes at Oman's Sohar Port rose by more than 18 percent in the first half of 2016 compared to the same period in the previous year.

Latest figures showed volumes up from 264,000 twenty-foot equivalent units (TEU) in the first half of 2015 to over 313,000 TEU in H1 2016.

Fuelled by significant infrastructure investments in the country, break bulk cargo also grew significantly at Sohar Port in the first half of 2016, up by over 43 percent, a statement said.

It added that liquid bulk also performed well, with an increase of over 15 percent to 9.99 million tonnes.

Dry bulk, which had a record first half in 2015, showed a drop of 2.7 million tonnes in the first half of 2016, to 10.6 million tonnes, due to current market conditions in the global iron and steel industry.

Overall, vessel movements at the port were up by nearly 6 percent, with more than 1,300 ships calling at Sohar between January and June.

The sultanate continues to invest heavily in economic diversification beyond its traditional petrochemical base, as it moves forward with Vision 2020 and plans to transform itself into a major industrial and logistics centre for the region.

Mark Geilenkirchen, CEO of Sohar Port, said: "Despite any current global economic uncertainties, these figures confirm we are in the right place at the right time. We will take full advantage of the prime strategic location of Sohar Port and Freezone as we continue to expand our operations and support growth in our tenants' businesses."

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