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Gulftainer reports 8% growth for 2014
Gulftainer’s terminals report healthy annual growth

Gulftainer reports 8% growth for 2014

Gulftainer has announced final figures for 2014, recording an 8% growth to 6.4m teu across its global terminals, with the company’s Jubail container terminal in Saudi Arabia showing the largest increase at 22% to reach 400,000 teu.

The total volume at its Saudi terminals was over 2.29m teu, with the Northern Container Terminal in Jeddah accounting for 1.9m teu, sustaining its previous growth trends.  In Iraq, the company’s Umm Qasr terminal grew by 46%, while its Recife terminal in Brazil marked a growth in volume of 7%.

Gulftainer’s UAE terminals recorded a total volume of 3.8m teu, with the Sharjah Container Terminal (SCT) surpassing 400,000 teu for the very first time.

Last year the company invested in excess of US$60m at its Khorfakkan Container Terminal (KCT), which included the arrival of new ship to shore (STS) and rubber tyred gantry (RTG) cranes.

Iain Rawlinson, group commercial director, said: “Our extensive network and technological expertise are the strengths that have enabled us to expand our footprint to new locations.”

The company signed a 35-year concession agreement to operate and further develop its Port Canaveral container and multi-purpose cargo terminal in Florida.