Gulftainer records 8% growth in container volume to achieve 6.4 million TEUs in 2014
Sharjah, UAE; March 24, 2015: Gulftainer, a privately owned, independent terminal operating and logistics company, recorded an impressive eight per cent growth in container volume in 2014, achieving a total of 6.4 million twenty-foot-equivalent units (TEUs) across its global portfolio.
In a year defined by international expansion and investments in new infrastructure to enhance operational efficiency, Gulftainer recorded robust growth across its entire terminal portfolio.
Iain Rawlinson, Group Commercial Director of Gulftainer said: The positive growth recorded by Gulftainer across its terminals globally underlines the confidence of our partners in our ability to meet their requirements efficiently. Our extensive network and technological expertise are the strengths that have enabled us to expand our footprint to new locations. We continuously invest in enhancing our infrastructure, thus boosting reliability, operational efficiency and productivity.
He added: The growth in volume achieved throughout our terminals is strong testament to the expertise and dedication of our employees and the strong productivity levels we are able to achieve on a consistent basis. In the dynamic global trade routes linking Asia and Europe, our terminals today play an increasingly significant role. Even as we expand and grow our business, we also remain committed to the communities we serve in by creating new jobs and supporting the domestic economy.
In global markets, Gulftainers Saudi terminals recorded impressive growth with Northern Container Terminal accounting for 1.9 million TEUs, sustaining previous-year trends, while Jubail Container Terminal (JCT) noted a growth of 22 per cent to over 396,000 TEUs. The total volume at the Saudi terminals was over 2.29 million TEUs.
Gulftainers Umm Qasr terminal also accomplished a significant growth of 46 per cent in 2014, while the Recife terminal in Brazil marked a growth in volume of 7 per cent.
Gulftainers UAE terminals recorded a total volume of 3.8 million TEUs in line with the all-round growth in business. The company marked another significant milestone, with the Sharjah Container Terminal (SCT) surpassing 400,000 TEUs in annual throughput for the very first time. Operations at SCT were energised by the positive growth in global trade and the arrival of new services, such as UASCs Gulf India Service (GIS1), which now connects Sharjah with Sohar in Oman, Mundra in India and Karachi in Pakistan. The addition of this service represented a significant development for Sharjah and boosted the national carriers volumes through SCT last year.
The only fully fledged operational container terminal in the UAE located outside the Strait of Hormuz, Khorfakkan Container Terminal (KCT) has today emerged as one of the most important transshipment hubs for the Arabian Gulf, the Indian Sub-continent, the Gulf of Oman and the East African markets.
Further strengthening the operations at KCT, Gulftainer has received and commissioned new state-of-the-art Ship to Shore (STS) and Rubber Tyred Gantry (RTG) cranes that will further increase overall performance and productivity. This enhanced infrastructure marks an investment of over US$60 million.
Gulftainer has set an ambitious target to triple the volume over the next decade through organic growth across existing businesses, exploring green field opportunities and potential M&A activities.
