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 11529 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
Elizabeth Arden: White Tea fragrance [14256-Views]
Elizabeth Arden: Eight Hour® Miracle Hydrating Mist [13652-Views]
Celebrate Life's Key Moments with Mouawad Jewelry [12987-Views]
Gucci Eyewear Spring/Summer 2017 [12767-Views]
IKEA Spreads Cheer on International Day of Happiness [10956-Views]
SAINT HONORE introduces the first watch made out of steel from the Eiffel Tower [9193-Views]
L'Occitane introduces Terre De Lumiere [8869-Views]
Bottega Verde Introduces The New Splendida Skin Care Line! [8448-Views]
Grand Optics Celebrates 20 Years in the Middle East [8448-Views]
TKD Lingerie: Top 5 lingerie trends from the past five years [7948-Views]
Malabar Gold & Diamonds receives ‘Best Jewellery Brand Award' from India Bullion and Jewel... [7826-Views]
Gourmand by Molton Brown [7686-Views]
Celebrate the start of the spring with Lexus Select Event [7680-Views]
QNET Celebrates World Water Day 2017 with HomePure [6991-Views]
Siemens to help develop Qataris' tech skills [6960-Views]
INSIGHT a natural inspiration, essential choice and passion for hair [6893-Views]
Versace Fall/Winter 2016-2017 Collection Preview [6777-Views]
Reebok Les Mills™ invites you to witness a live workout demonstration at Stadium, Yas Mall [6740-Views]
Taste the best of the world at Lulu Hypermarket World Food Expo 2017 [6704-Views]
Massimo Dutti Spring/Summer'17 Campaign – Summer Echoes [6564-Views]
New spa experience offers visitors to Beautyworld Middle East 2017 a memorable voyage of f... [6490-Views]
The Big Clearance Sale is Back! [6033-Views]
Malabar Gold & Diamonds' launched its 172nd showroom in Ballari, Karnataka, India [5966-Views]
Dubai Chamber concludes high-level trade mission to India [5832-Views]
Molton Brown Launches the Spring Collection Dewy Lily of the Valley & Star Anise London vi... [5758-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories