Gulftainer seeks to triple volumes
Gulftainer, a port management and logistics firm based in Sharjah, United Arab Emirates, said this week that it seeks to become one of the six largest container terminal operators in the world, establishing 35 terminals handling 18 million TEU by 2020.
The company will handle 6 million TEU this year.
“From our humble roots nearly 40 years ago in Sharjah, we learned that strong business values and operational efficiency were what the industry thrived on, and following this ethos, we have successfully been able to export our expertise and professionalism from the UAE to numerous global key operational hubs since,” said Badr Jafar, chief executive officer of Gulftainer’s parent company, Crescent Enterprises, and vice-chairman of Gulftainer.
Gulftainer said it has become the largest terminal operator in the Middle East in terms of the number of terminals operated, as a result of its majority acquisition of Gulf Stevedoring Contracting Company in the Kingdom of Saudi Arabia; with the acquisition, it took full management of the ports of the terminals of North Container Terminal Jeddah, Jubail Container Terminal and Jubail Industrial Port.
“The name ‘Gulftainer’ is already seen as a credible and reliable partner, and we wish to expand this partnership with our customers to new ports and terminals around the world,” said Peter Richards, Gulftainer’s managing director.
Today, the company’s portfolio covers four UAE operations in Khorfakkan, Sharjah, Hamriyah and Ruwais, as well as activities in Iraq at Umm Qasr, Recife in Brazil, Tripoli Port in Lebanon, and its recent acquisition in Saudi Arabia, managing container terminals in Jeddah and Jubail.
Gulftainer said that in 2012, its terminal at Khorfakkan was the
fastest growing transhipment hub in the world with 28-percent growth.
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