Dubai PR Network, Online Press Release from Dubai and Middle East
 
Shipping & Logistic(Shipping and Logistic)
Filter PR by
  
Containers continue to drive growth at SOHAR Port
 
  • Over 11% container growth in Q3 2016 compared to Q3 last year
  • Newly rebranded Hutchison Ports SOHAR plans further expansion
  • Strategic location outside the Strait of Hormuz is a key growth factor

Dubai, UAE, November 15, 2016:  SOHAR Port and Freezone has released its latest throughput figures for Q3 of 2016, as both the Port and Freezone continue to play a central role in developing the Sultanate as logistical powerhouse for the region. Container volumes at the Port were up by over 11% compared to the third-quarter of 2015. The newly rebranded Hutchison Ports SOHAR, formerly OICT, part of the Hong Kong based group that operates the Omani container terminal, recently celebrated the official opening of Terminal C. The new, automated terminal features remote-controlled quayside cranes equipped to handle the next generation of 20,000 TEU container vessels. 

Overall tonnage at the Port was up by over 6% in Q3 2016, compared to the same period last year, at over 13.4 million metric tonnes; or an average of over one million tonnes of cargo throughput each week. Despite the trend towards larger cargo ships, vessel movements at the Port were also up by 4%, compared to the same period of last year, with over 670 ships calling at SOHAR between July and September 2016.  

Despite currently low oil revenues, Oman continues to invest heavily in economic diversification beyond its traditional petrochemical base. According to Frost & Sullivan, a Californian market research consultancy, the logistics industry in Oman is predicted to grow at a Compound Annual Growth Rate (CAGR) of 6.9% between 2016 and 2020. Plans are well advanced for container Terminal D at SOHAR, a fully automated facility that will quadruple the Port’s current capacity to 6 million TEU annually. 

Mark Geilenkirchen, the CEO of SOHAR Port, said: “The introduction of containers from the mid-1950s, dramatically reduced shipping costs and became a major factor in globalization; sixty years later, there is no end in sight to the success of containerization in our industry. Our efforts today are focused on making containers smarter and even more efficient, by equipping them with tracking devices and sensors so we know not only where they are in the world, but also the condition of each cargo.”

SOHAR has seen phenomenal growth since it received its first vessel in 2004, and just last week was awarded Port of the Year Award 2016 by The Maritime Standards in Dubai, beating off tough competition from some of the region’s most prominent and longer established ports. SOHAR Freezone recently announced that it had won the prestigious fDi Magazine Free Zones of the Year Award for New Investments. fDi Magazine is part of the UK’s Financial Times Group and SOHAR was the only winner in this category in the Middle East region 

Jamal T. Aziz, CEO of SOHAR Freezone, added: “Our prime position at SOHAR with a fast growing hub Port outside the Strait of Hormuz, and an adjacent, customer-friendly and optimally connected Freezone, is one of the biggest keys to our success. We look forward to more growth in the months ahead.” 


Posted by : Dubai PR Network Editorial Team
Viewed 14530 times
PR Category : Shipping and Logistic
Posted on : Tuesday, November 15, 2016  3:19:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Abu Dhabi Ports hosts the 2nd Maritime Standard Ship Finance...
Next Story : Agility Supports K2O Expedition to Raise Environmental Aware...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Fresh Hair in an Instant with SHOW Beauty [13609-Views]
Amadeo® Fleurier 39 “Fan” [11742-Views]
Mother's Day Gift Guide 2018 from The Little Birdy Group [10181-Views]
Show/Pop-up Event “Pret-A-Cover™ Buyers Lane” to Be Launched in Dubai From March 28th to A... [10169-Views]
Moreish Café in Dubai introduces a healthy Quinoa Burrito [9608-Views]
True Colours [9467-Views]
Robinsons Honored for Outstanding Store Design [9333-Views]
Splash receives 2 awards [8760-Views]
UAE Team Emirates' Mirza Takes Gold at Asian Cycling Championships [8503-Views]
Phenomenal development in falconry racing from small beginnings: HHC Deputy CEO [8485-Views]
WGS 2018: Opening Session Highlights Importance of Embracing Smart Living to Enhance Quali... [8363-Views]
RAK Hospital launches the biggest weight-loss challenge in association with MoHAP, RAK [7509-Views]
2XL launches Malmo Bed with floral designs for a vintage shabby chic inspired master bedro... [7161-Views]
Food Lovers Rejoice: Dubai Food Festival Is Back This Month [6814-Views]
Bridal Glow is Skin Deep: Tips for every bride-to-be in 2018 [6759-Views]
Mealtop, Introducing a Whole New Dessert Experience [6167-Views]
Optim-Eyes Lashes & Brows with Filorga [6070-Views]
Al Ahli Holding Group to redefine the UAE value shopping category through an AED 1.25 bill... [5850-Views]
NEZO launches new identity to guide consumers in selecting the best salt for their culinar... [5319-Views]
Safilo Group Reveals Its Spring/ Summer 2018 Collection [5307-Views]
WGS 2018: Governments Need to Prioritize Wellbeing of Citizens, Say International Experts [5264-Views]
Redefining the Skin Clinic Experience. #allnewkaya opens in Muscat City Centre! [5264-Views]
The new BMW HP4 RACE arrives at Abu Dhabi Motors – one of just 750 built [5228-Views]
The Robots Are Coming: Ministry of Finance Brings Artificial Intelligence to Dubai in a Bi... [5136-Views]
Leading Scientists, Astronauts Share Insights on why Space Exploration Matters at WGS 2018... [4984-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories