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 12322 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
Make a Statement with MAKE UP FOR EVER's New Artist Liquid Matte Lipsticks [14866-Views]
Paris Gallery Eid Gift Guide: The Watch Edit [14518-Views]
SAINT HONORE Opéra is Ideal for the Stylish Woman [13792-Views]
Joyalukkas Win Upto 60 KG gold promotion Lucky winner announced in the UAE [13341-Views]
LG G6: The Ideal Summer Vacation Companion [13292-Views]
SAINT HONORE Charisma Twist [13213-Views]
Lucky Winners celebrate winning gold bars with Malabar Gold & Diamonds – ‘BE A GOLD BULLIO... [11352-Views]
Skyline University College Conducted Health and Wellness Program [10785-Views]
Gold Collagen® Hydrogel Mask with Second Skin Technology to Launch in Dubai in July 2017 ... [10785-Views]
THEFACESHOP, White Seed brightening [10596-Views]
IKEA Reveals Hidden Shortcuts as Father's Day Gift [10425-Views]
Celebrate This Eid by Honouring your Loved Ones with a Special Gift [10419-Views]
TAG Heuer Luxury Kit [9876-Views]
Bhima Jewellers Spread Happiness this Ramadan with ‘BHIMA GIFT A SMILE' [9486-Views]
Keep your skin hydrated this summer with tips from Gold Collagen! [8936-Views]
Marion Cotillard wears Chloé to 31st Cabourg Film Festival [8760-Views]
TOD's Spring/Summer '18 Men's Collection [8400-Views]
Dubai will be ‘United in Celebration' during 10th Edition of ‘Eid in Dubai- Eid Al Fitr' [8211-Views]
Take A Sneak-peek into COÉGA Sunwear's 2018 Baby Swimwear Line [8198-Views]
Al Barwani Wins 2017 Ramadan Challenge Senior Cup Title [8131-Views]
Dsquared2 Men's and Women's Fall Winter 2017 Show [8028-Views]
deLaCour Saqra Urban- Triumph Design [7924-Views]
Celebrate Eid in 'Swiss Style' with stunning RAYMOND WEIL Freelancer [7637-Views]
New Collections at Grand Optics - Summer 2017 [7558-Views]
The Salman and Katrina relationship with Splash continues [7527-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories