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INFRASTRUCTURAL DEVELOPMENT - SEAPORTS & SHIPPING

Argentinean President inaugurates new DP World cruise terminal in Buenos Aires

Posted on 20/03/2011

Buenos Aires - South America's largest and most modern cruise terminal, Quinquela Martin, developed and operated by global port operator DP World, was has been inaugurated by the President of Argentina, Cristina Fernandez de Kirchner, together with Sultan Ahmed Bin Sulayem, Chairman, DP World. The ultra-modern new cruise terminal complex, located in DP World's Terminales Rio de la Plata (TRP), is spread over 12,300 sq m, and has capacity to handle 600,000 passengers a year. The new cruise ...  >>MORE

UAE to enforce the Istanbul Convention for Temporary Entry from April

Posted on 17/03/2011

The Federal Customs Authority (FCA) announced that the UAE will implement the Convention on Temporary Admission (the Istanbul Convention) in April, following its ratification last September. The FCA said the convention will be implemented in April through Dubai Customs and will be followed by Abu Dhabi Customs after six months. The FCA held a workshop on the Convention on Temporary Admission, which was signed by over 70 countries, of which the last was Bosnia-Herzegovina in the presence of ...  >>MORE

World ports meeting to underscore UAE role

Posted on 15/03/2011

Recognising the vital role of the UAE's ports in providing trade links between the Far East, Asia, Europe and the US, international shipping and cargo experts are set to gather in Abu Dhabi on March 28-30 for the World Ports and Trade Summit 2011. Across the emirates, a number of port developments are moving forward as global trade gathers renewed momentum and investment capital again begins to flow post-recession. The economic and social imperatives of securing export and import routes for ...  >>MORE

India's PM launches DP World's Vallarpadam terminal

Posted on 13/02/2011

India's Prime Minister Dr. Manmohan Singh has inaugurated the DP World's Vallarpadam terminal, first dedicated transhipment and gateway hub in India, Dr Singh together with DP World Chairman Sultan Ahmad Bin Sulayem laid the foundation stone for the Vallarpadam International Container Transhipment Terminal (ICTT) in February 2005. The largest single operator container terminal in the country, ICTT, to be operated as DP World Cochin, was built at a cost (including other infrastructure ...  >>MORE

DP World expands operations in Pakistan with rail linked Inland Container Terminal

Posted on 13/02/2011

Global marine terminal operator DP World has added new muscle to its operations in Pakistan with the official opening of its state-of-the-art Inland Container Terminal (ICT) in Lahore, the country's second largest city. DP World Lahore, also known as the Prem Nagar Dry Port, was inaugurated by Shahid Hussain Raza, Chairman, Pakistan's Ministry of Railways, at a ceremony attended by top government officials and representatives of DP World. DP World Lahore, the first Public Private ...  >>MORE

Dh1.5b Mussafah channel project becomes reality

Posted on 02/02/2011

The Abu Dhabi Urban Planning Council (UPC) officially handed over the Dh1.5 billion Mussafah channel project to the Abu Dhabi Ports Company (ADPC) on Tuesday. The new channel replaces the existing access channel to the Mussafah Industrial Area. Located off the south-western shoreline of Hudayriat Island, the 53km channel is expected to better serve the Mussafah Industrial Zone and the future ICAD areas. The new channel, which required the dredging of 65 million cubic metres, has a ...  >>MORE

Drydocks World LLC gets US$200 million working capital facility

Posted on 23/01/2011

Drydocks World LLC ("DDW") announced yesterday that it signed a new US$200 million working capital facility. The facility is secured and is being provided by seven of DDW's existing lending banks. The facility is available for drawing to provide working capital instruments (for example, refund guarantees and performance bonds) to DDW's trading counterparties in relation to new and existing contracts, Dry Docks World was quoted in a press release distributed yesterday by the Dubai Government ...  >>MORE

Gulftainer records 10 per cent increase in 2010 volumes

Posted on 13/01/2011

After a remarkable performance (+10per cent) in 2009 when container terminals worldwide were dramatically affected by the economic downturn, Sharjah based terminal and logistics company Gulftainer's UAE facilities Khorfakkan Container Terminal (KCT) and Sharjah Container Terminal (SCT) have done it again in 2010 with volumes, compared with 2009, increasing by another 10 per cent to just over 3 million TEU, (3,022,524). Gulftainer's Managing Director, Peter Richards was pleased to comment, ...  >>MORE

DP World's new terminal at Port Qasim in Pakistan opens for business

Posted on 13/01/2011

Global marine terminal operator DP World announces the opening of its new container terminal in Port Qasim near Karachi in Pakistan, celebrating the arrival yesterday of its first customer, the French container vessel, CMA CGM Wagner. The opening of Terminal 2, the major expansion of DP World Karachi, will take capacity at Port Qasim to around 1.2 million TEU (twenty foot equivalent container units) from around 900,000 TEU and marks the successful completion of the first of DP World's 3-phase ...  >>MORE

Abu Dhabi to take over Mina Zayed

Posted on 02/01/2011

Abu Dhabi Terminals (ADT) will take over management of Mina Zayed port from operator DP World after a five-year management contract was not renewed. DP World played down the effect on profitability, saying in a statement to Nasdaq Dubai: "The ebitda contribution from the management agreement is not material," speaking of earnings before interest, taxes, depreciation and amortisation". Meanwhile, talks over DP World managing Khalifa Port have also "not resulted in any binding agreement", ...  >>MORE

DP World sells 76% of Australian operating arm

Posted on 23/12/2010

DP World, the world's third-largest port operator, has agreed a deal to sell 75 percent of its Australian operating arm to Citi Infrastructure Investors for $1.5bn. The state-backed firm has said that proceeds will go to reducing net debt, in a statement to the Nasdaq Dubai. DP World will continue to provide management services at the five terminals in Australia under the terms of the deal, which is expected to be completed by the end of the first quarter of 2011. "This strategic ...  >>MORE

Abu Dhabi Ports Company awards automatic stacking crane contract to Konecranes Finland Corporation

Posted on 06/12/2010

Abu Dhabi Ports Company (ADPC) has awarded a contract to Konecranes Finland Corporation for stacking cranes to be used at Khalifa Port, Al Taweelah. The contract covers 30 automated cranes which will be used for stacking containers for the semi-automated container terminal being planned there. The cranes will be delivered in two batches to Khalifa Port: 14 units will be delivered at the end of March 2012 and 16 units at the end of June 2012. – Emirates News Agency, WAM ...  >>MORE

Drydocks World delivers Jack-Up platform Swift 10

Posted on 25/11/2010

Drydocks World has announced the delivery of Jack-up platform Swift 10 to Swift Drilling BV. Swift Drilling BV is a joint venture between Cofely Oil '&' Gas BV and Jack-Up Barge BV. The contract was valued at Dhs89.3833m. The specialised jack up platform was built at Drydocks World's yard in Nanindah, Indonesia. The new jack up rig expected to be deployed in European waters involved in energy and wind farm installations and related activities. An additional unit JB-117 is undergoing ...  >>MORE

UAE elected vice-president of shipping body

Posted on 21/11/2010

The UAE has been elected vice-president of the International Ship Suppliers and Services Association (ISSA) — a global trade body, a top official told Gulf News. The UAE's 44 registered ship suppliers represent an industry worth Dh1.2 billion. "The UAE has been elected vice-president and Executive Member of the International Ship ISSA, which is a matter of honour and pride," Saeed Malek, President of the UAE National Ship Suppliers Association, told Gulf News yesterday. "It also reflects ...  >>MORE

UAE customs delegation visited US for exchanging expertise

Posted on 14/11/2010

A delegation from the UAE headed by Ahmed Butti Ahmed, Executive Chairman of Ports, Customs and Free Zone Corporation and Director General of Dubai Customs, visited the USA in response to the US Customs and Border Protection invitation. The visit is aimed at exchanging expertise and knowledge between the two countries in the field of controlling exports and learning about the adopted procedures of combating counterfeited and prohibited goods. During the recent visit, both sides agreed on ...  >>MORE

EMAL and ADPC welcome arrival of first ship at newly opened EMAL Berth at Khalifa Port

Posted on 04/11/2010

Emirates Aluminium (EMAL) and Abu Dhabi Ports Company (ADPC) welcomed the first shipment of alumina to the purpose built wharf at Khalifa Port in Taweelah yesterday. The opening of the wharf means that EMAL will now be able to receive shipments of raw materials directly to the Taweelah-based smelter. The milestone achievement was celebrated by the presence of ADPC Chairman Dr. Sultan Al Jaber, EMAL President and CEO Saeed Fadhel Al Mazrooei, ADPC CEO Tony Douglas and key guests that were ...  >>MORE

DP World first global port operator to join carbon disclosure project

Posted on 31/10/2010

DP World has become the first international marine terminal operator to join the renowned Carbon Disclosure Project (CDP) building on its company-wide effort to significantly reduce its greenhouse gas (GHG) emissions, DP World said in a statement. This initiative is part of DP World's broader global sustainability programme to reduce its environmental footprint. The global port operator is making significant progress in reducing resource consumption cutting its carbon emissions with a ...  >>MORE

Adnatco takes delivery of first of 15 new vessels in South Korea

Posted on 27/10/2010

Abu Dhabi National Tanker Company (Adnatco) said Tuesday it had taken delivery of the newly built M.V. Shah, a 37,000 metric tonne deadweight handy size bulk carrier, in South Korea. This is the first of 15 new vessels to be delivered over the next 11 months. "The delivery ceremony was held in South Korea, where the carrier was built. It will soon start its journey to Abu Dhabi and is going to meet the growing shipping requirements of the Adnoc Group of Companies," a person familiar with ...  >>MORE

DP World delivers strong third quarter volumes

Posted on 26/10/2010

Global marine terminal operator DP World yesterday announced it handled 13.0 million TEU (twenty-foot equivalent container units) across its portfolio of 50 operating terminals in the third quarter of the year, an increase of 14% against the same period last year and a 15% increase for the first nine months of the year to 36.7 million against the comparable period last year. Volumes for our consolidated terminals grew 8% in the third quarter to 7.3 million TEU and 7% for the first nine ...  >>MORE

Luxury liners put the UAE on the cruise map

Posted on 06/10/2010

The Gulf is fast becoming a hotbed for the region's growing cruise industry, as Italy's MSC Cruises becomes the latest luxury liner to set sail for our sunny shores. The UAE will feature as a new destination for its 2011-12 winter collection, with the MSC Lirica dropping anchor in Abu Dhabi and Dubai for her busy season. The itinerary will include a full schedule of 19 eight-day cruises from the capital, with departures every Sunday from October 30 2011 through to March 4 2012. Those ...  >>MORE

Abu Dhabi Ports Company awards Dh484.6 million infrastructure works contract to CCC

Posted on 04/10/2010

Abu Dhabi Ports Company is announcing the award of an AED 484.6 million (USD 131.9) contract for Industrial Zone Infrastructure to Consolidated Contracting Engineering and Procurement S.A.L (CCC) for its Khalifa Port and Industrial Zone (KPIZ) project. The agreement is for the construction, fit-out, testing and commissioning of the civil and structural works for Industrial Zone Area ‘A' primary Infrastructure (North), the first of the three construction packages that will provide the ...  >>MORE

First phase of Port Khalifa project nears completion

Posted on 03/10/2010

More than Dh26 billion will be spent to complete Phase 1 of Port Khalifa and Industrial Zone near Taweelah in Abu Dhabi, scheduled for the fourth quarter of this year, the Abu Dhabi Port company has revealed. The Khalifa Port Industrial Zone (KPIZ) will be Abu Dhabi's largest infrastructure project and will become one of the world's biggest industrial zones. Stretching over 417 square kilometres, it is four times bigger than Abu Dhabi Island, two-thirds the size of Singapore and a quarter the ...  >>MORE

DP World opens port facility in Peru

Posted on 03/10/2010

DP World, majority-owned by Dubai World conglomerate, inaugurated a new US$500 million port in Peru on Thursday, one of the biggest ports on South America's Pacific coast. The port known as Muelle Sur in the port district of Callao outside Lima was opened with a ceremony including Peruvian President Alan Garcia, UAE State Minister Reem Ibrahim Al Hashimi, DP World chairman Sultan Ahmed bin Sulayem and other officials. Sulayem expressed his joy about joining of the port to DP World ...  >>MORE

ADPC awards Dh1.208 billion building works contract to Hyundai Engineering and Construction

Posted on 20/09/2010

Abu Dhabi Ports Company yesterday announced the award of Dh1.208 billion (US$329m) contract to Hyundai Engineering and Construction Co. Ltd for its flagship Khalifa Port '&' Industrial Zone (KPIZ) project. The agreement includes project management, design, procurement, construction, testing and commissioning of all civil works associated with the construction of the Offshore Terminal Area consisting of a 1000m semi automated container terminal and a 1400m Break bulk / general cargo terminal ...  >>MORE

Gulftainer in US$500 million joint venture with Russian State Corporation

Posted on 19/09/2010

United Arab Emirates based Ports and Logistics group Gulftainer, a subsidiary of the Crescent Group of companies and the largest private port and logistics operator of the Middle East, has signed a major joint venture agreement with Prominvest, the financial and investment arm of Russian State Corporation, Russian Technologies. The agreement was signed in the Black Sea city of Sochi in the Russian Federation between Badr Jafar, executive director of the Crescent Group and vice chairman of ...  >>MORE

DP World is third-largest ports operator

Posted on 02/09/2010

DP World has become the world's third-largest ports operator, climbing one spot last year as it opened new ports and suffered smaller declines at existing ones compared with global rivals. The Dubai company handled 31.5 million containers (measured in TEUs, or twenty-foot equivalent units) last year, helping it surpass APM Terminals, the Netherlands-based firm owned by AP Moller-Maersk Group, which handled 31.1 million containers, according to Drewry Shipping Consultants. DP World opened ...  >>MORE

DP World announces interim results for first six months of 2010

Posted on 19/08/2010

DP World yesterday announced encouraging financial results from its global portfolio of marine terminals for the first six months of 2010. These results reflect the return to container volume growth combined with the continuation of cost management to drive Ebitda margins ahead of expectations. The return of container volume growth across our portfolio in the first half of the year and our success in maintaining container revenue per TEU slightly ahead of the prior period has allowed DP ...  >>MORE

Gulftainer welcomes largest vessel ever to enter Khorfakkan Container Terminal

Posted on 03/08/2010

Gulftainer yesterday welcomed the CMA CGM Christophe Colomb at its facility in Khorfakkan. With a capacity of 13800 TEUs and an overall length of 365 meters, she is the largest vessel ever to enter the recently expanded terminal. The CMA CGM Christophe Colomb has been built with a combination of innovative environmental features, including an electronically controlled engine to reduce oil and fuel consumption, double hull protection of fuel tanks, and a fast oil recovery system to recover ...  >>MORE

Abu Dhabi Ports Company awards over Dh1.028 billion building works contract

Posted on 28/07/2010

Abu Dhabi Ports Company (ADPC) yesterday announced the award of an Dh1,028,468,290 contract to a joint venture between ED Zublin AG and Al Jaber Transport '&' General Contracting for its flagship Khalifa Port '&' Industrial Zone (KPIZ) project. The agreement is for the detailed design, construction, fit-out, testing and commissioning of the offshore port's civil and structural building works, which will provide the infrastructure necessary to support the commencement of port operations in ...  >>MORE

DP World delivers throughput of 24 million for first six months of 2010, 16% growth in 2009

Posted on 28/07/2010

Global marine terminal operator DP World yesterday announced it handled 23.7 million TEU (twenty-foot equivalent container units) across its portfolio of 50 operating terminals in the first six months of 2010, an increase of 16% against the same period last year and ahead of 2008. Despite the tough comparative period, due to the resilience our portfolio showed in 2009, our consolidated terminals have continued to build on the growth reported in the first quarter of the year. Volumes in the ...  >>MORE

DP World's international container transhipment terminal receives four Post Panamax ship-to-shore cranes

Posted on 22/07/2010

The countdown to the opening of India's first dedicated transhipment terminal at Vallarpadam, Cochin has begun with the arrival of four state-of-the-art giant gantry cranes. The Post Panamax quay cranes will service customers at the new terminal's 600 metre quay and 40 hectares of yard. The ZPMC barge m.v ZHENHUA is now at berth and over the next four days the cranes will be offloaded, and the commissioning process will begin. Anil Singh, Senior Vice President'&' Managing Director of DP ...  >>MORE

Abu Dhabi Ports eyes US$1bn bond

Posted on 20/07/2010

State-owned Abu Dhabi Ports Company (ADPC) may sell up to US$1 billion (Dh3.67 billion) in bonds early next year to finance the Khalifa Port Industrial Zone (KPIZ) in Abu Dhabi, its chief financial officer said on Monday. ADPC has appointed National Bank of Abu Dhabi as financial advisor to draw up a long-term financial strategy. Arrangers for the bond have yet to be appointed. "One of our options is a sukuk or bond in the first quarter of 2011 of about US$1 billion," Ala Khannak said. In ...  >>MORE

New East Africa service for Sharjah Container Terminal

Posted on 05/07/2010

UAE-based port operator, Gulftainer, has reported that its terminals in Sharjah (SCT) and Khorfakkan (KCT) are continuing to perform well following creditable and remarkable increases in volume in 2009, despite the global economic downturn. According to the port operator, its terminals are increasingly becoming the ‘sensible choices' for many consignees and shippers - not only in Sharjah, but in the Northern Emirates and Dubai too. Reacting to this buoyancy, Maersk, has scheduled its East ...  >>MORE

Gulftainer to achieve double-digit growth

Posted on 29/06/2010

Gulftainer said Monday it achieved 23.75 per cent growth in traffic at its Sharjah facilities from January to May compared to the corresponding period in 2009 as it handled 1.25 million TEU (20-foot equivalent) containers. Gulftainer, which climbed from 50th to 39th position on the Dynaliners list of top world terminals in 2009, is now set to achieve a projected double-digit growth in container volumes for 2010 over the 2.75 million TEUs handled in 2009, mainly at Khor Fakkan — which ...  >>MORE

Canadian Pacific, DP World Vancouver sign productivity '&' performance agreement

Posted on 24/06/2010

Calgary - Railway company Canadian Pacific (TSX/NYSE: CP) and marine terminal operator DP World Vancouver yesterday announced they have entered an agreement to further improve productivity and performance through Canada's west coast ports. "This agreement outlines a number of goals and specific actions such that all stakeholders in the supply chain can have measurable accountabilities," said Matt Hoag, CEO DP World Vancouver. "Over time we can measure performance changes, characterise ...  >>MORE

Jebel Ali terminal voted best seaport in the Middle East at top Asian awards

Posted on 23/06/2010

DP World, UAE Region's flagship Jebel Ali Port has been voted the "Best Seaport in the Middle East" for the 16th consecutive time at the 24th Asian Freight and Supply Chain Awards (AFSCA) in Shanghai, China. The prestigious awards, organised by the Hong Kong-based transport and logistics newspaper Cargonews Asia, were presented at a glittering ceremony attended by more than 400 of Asia's top executives from the cargo transport and supply chain industry. The winners are chosen by thousands of ...  >>MORE

ADPC awards Dh350 million port systems contract to Al-Jaber GIS JV

Posted on 14/06/2010

The Khalifa Port and Industrial Zone (KPIZ) project in Taweelah, Abu Dhabi, has moved another step closer to completion with the awarding of a Dh350 million (US$95.29 million) contract by the Abu Dhabi Ports Company (ADPC) to Al Jaber GIS joint venture. The lump sum port systems contract follows an extensive tendering process and is the third major construction package awarded in the last 10 months for the development of the new port and industrial zone at KPIZ. The contract involves the ...  >>MORE

Khorfakkan terminal takes 39th slot worldwide

Posted on 08/06/2010

The latest figures produced by the respected transport and shipping analysts Dynaliners (Dynamar BV in the Netherlands), reveal that Gulftainer's Sharjah Container Terminals (in particular the flagship Khorfakkan) have moved dramatically up the list of major terminal operators in 2009. Almost uniquely, in what was for the industry in general a very challenging year, Gulftainer's volumes actually rose substantially and now, with a total of 2.75 M teu throughput, Sharjah/ Khorfakkan has risen ...  >>MORE

Jafza named Logistics Hub of the Year

Posted on 07/06/2010

Economic Zones World (EZW) flagship Jebel Ali Free Zone (Jafza) was presented with the Logistics Hub of the Year award, and EZW was given the Corporate Social Responsibility (CSR) Award for its global commitment to CSR at the recently held 4th Annual Supply Chain and Transport Awards, or SCATA 2010. The awards ceremony that was held in Dubai brought together hundreds of top executives from the Middle East transportation and logistics industries. The SCATA 2010 ceremony included 16 ...  >>MORE

Khalifa Port will now cost Dh13bn: ADPC

Posted on 01/06/2010

Abu Dhabi Ports Company (ADPC), master developer and regulator of ports and industrial zones in Abu Dhabi, said the construction of Khalifa Port would cost Dh13 billion. The earlier estimate was US$2.18bn (Dh8bn). According to a Bloomberg report, Tawfiq Yousef Al Mubarak, ADPC's Executive Vice-President – Ports Unit, said during an interview in Shanghai that the construction of Khalifa Port will cost about Dh13bn. However, during a presentation in March, the cost structure of building the ...  >>MORE

DP World’s Dubai Cruise Terminal wins "Middle East's Leading Cruise Port 2010"

Posted on 30/05/2010

Dubai Cruise Terminal has won, for the third consecutive year, the prestigious World Travel Award of "Middle East's Leading Cruise Port 2010". The Dubai Cruise Terminal, located at Port Rashid, has received both the Middle East's Leading Cruise Port award as well as the World's Leading Cruise Port award in 2008 and 2009. Tariq Bin Khalifa, Account Director, Account Management, General Cargo, DP World, UAE Region said: "Receiving this award for three successive years proves that Dubai Cruise ...  >>MORE

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Quick List

Argentinean President inaugurates new DP World cruise terminal in Buenos Aires


UAE to enforce the Istanbul Convention for Temporary Entry from April


World ports meeting to underscore UAE role


India's PM launches DP World's Vallarpadam terminal


DP World expands operations in Pakistan with rail linked Inland Container Terminal


Dh1.5b Mussafah channel project becomes reality


Drydocks World LLC gets US$200 million working capital facility


Gulftainer records 10 per cent increase in 2010 volumes


DP World's new terminal at Port Qasim in Pakistan opens for business


Abu Dhabi to take over Mina Zayed


DP World sells 76% of Australian operating arm


Abu Dhabi Ports Company awards automatic stacking crane contract to Konecranes Finland Corporation


Drydocks World delivers Jack-Up platform Swift 10


UAE elected vice-president of shipping body


UAE customs delegation visited US for exchanging expertise


EMAL and ADPC welcome arrival of first ship at newly opened EMAL Berth at Khalifa Port


DP World first global port operator to join carbon disclosure project


Adnatco takes delivery of first of 15 new vessels in South Korea


DP World delivers strong third quarter volumes


Luxury liners put the UAE on the cruise map


Abu Dhabi Ports Company awards Dh484.6 million infrastructure works contract to CCC


First phase of Port Khalifa project nears completion


DP World opens port facility in Peru


ADPC awards Dh1.208 billion building works contract to Hyundai Engineering and Construction


Gulftainer in US$500 million joint venture with Russian State Corporation


DP World is third-largest ports operator


DP World announces interim results for first six months of 2010


Gulftainer welcomes largest vessel ever to enter Khorfakkan Container Terminal


Abu Dhabi Ports Company awards over Dh1.028 billion building works contract


DP World delivers throughput of 24 million for first six months of 2010, 16% growth in 2009


DP World's international container transhipment terminal receives four Post Panamax ship-to-shore cranes


Abu Dhabi Ports eyes US$1bn bond


New East Africa service for Sharjah Container Terminal


Gulftainer to achieve double-digit growth


Canadian Pacific, DP World Vancouver sign productivity '&' performance agreement


Jebel Ali terminal voted best seaport in the Middle East at top Asian awards


ADPC awards Dh350 million port systems contract to Al-Jaber GIS JV


Khorfakkan terminal takes 39th slot worldwide


Jafza named Logistics Hub of the Year


Khalifa Port will now cost Dh13bn: ADPC


DP World’s Dubai Cruise Terminal wins "Middle East's Leading Cruise Port 2010"