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INFRASTRUCTURAL DEVELOPMENT - SEAPORTS & SHIPPING

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

UAE ports set for sharp rebound in throughput

Posted on 30/05/2010

UAE ports will see a sharp rebound in their throughput this year, led by Abu Dhabi's Mina Zayed Port and Jebel Ali port, helping the country to remain the largest exporter in the Gulf, according to a recent study. Ports in Dubai will return to growth this year, with throughput jumping more than seven per cent to 149.18 million tonnes this year after an estimated drop of three per cent in throughput to 139.25 million tonnes in the previous year, according to the recent study by Business ...  >>MORE

Abu Dhabi plans to develop new cruise terminal

Posted on 04/05/2010

Abu Dhabi is looking to invest in its home cruise tourism market, with plans of developing a new terminal, along with the possibility of launching its own liner in the future. Speaking at yesterday's Arabian Hotel Investment Conference, Sheikh Sultan bin Tahnoon Al Nahyan, Chairman of Abu Dhabi's Tourism Development & Investment Company and the Abu Dhabi Tourism Authority, said: "The cruise industry is an integral part of Abu Dhabi's tourism growth. We are looking to increase home tourism, ...  >>MORE

DP World volumes increase 15%

Posted on 27/04/2010

Dubai Ports World yesterday said its first quarter volumes rose 15 per cent to 11.2 million twenty-foot equivalent containers (TEUs) compared to the same period last year. "During the first quarter of 2010, the industry saw continued signs of a return to container volume growth around the world," chief executive Mohammad Sharaf said in a statement. "It is however too early to confirm sustainability, as the macroeconomic environment and global trade patterns remain somewhat unpredictable, ...  >>MORE

TDIC seeks bids for Al Bateen Wharf contract

Posted on 30/03/2010

Tourism Development and Investment Company (TDIC) has invited contractors to participate in the pre-qualification bids for Abu Dhabi's Al Bateen Wharf marine construction works (east basin) contract. The project is a marine complex for luxury yachts. The work includes dredging of the basin to provide access for yacht navigation and berthing, reclamation to provide a platform for future development works, around 720 metres of secant piling around the newly reclaimed land for subsequent ...  >>MORE

DP World announces 2009 financial results

Posted on 25/03/2010

DP World has announced financial results from its global portfolio of marine terminals, which reflect the resilience of the portfolio and the inherent flexibility of the business model. DP World reported a stronger second half of 2009 as some volume returned and the benefits of management's swift action on costs came through. Summary 1: Consolidated throughput of 25.6 million TEU2 (27.8 million) Revenue of US$2,821 million (US$3,283 million) EBITDA3 of US$1,072 million (US$1,340 million) ...  >>MORE

US$2.18bn Khalifa port operations to start in 2012

Posted on 16/03/2010

The first phase of Abu Dhabi's US$2.18 billion (Dh8bn) Khalifa Port will become operational in 2012 and the emirate plans to develop smaller ports to cope with increasing traffic, a senior port official said yesterday. The initial capacity of the new port is two million TEUs and eight million tonnes general cargo annually, nearly four times more than the current capacity of the largest existing port. "The Khalifa Port will be built in five phases. Phase one will be ready end 2012," Mohamed ...  >>MORE

Sharjah Container Terminal gets new YML service

Posted on 01/03/2010

The steady flow of containers through the Sharjah Container Terminal (SCT) has not diminished as imported goods continue to move to supply the businesses in Sharjah and beyond, according to Sharjah-based terminal and logistics firm Gulftainer, which operates the Terminal on behalf of the Sharjah Ports Authority. SCT Manager Paul Hennessy confirms that "we did not see any decline in volume in 2009 and 2010 seems to have started well." Indicative of this consistency is the arrival of a new ...  >>MORE

Sharjah port thrives in the storm

Posted on 21/02/2010

Container volumes at Khor Fakkan port on Sharjah's east coast have stacked up some of the strongest growth in the region despite the global slump in seaborne trade. The UAE's largest port lying outside the Strait of Hormuz handled 2.75 million 20-foot equivalent unit containers (TEUs) last year, which was an increase of 9.9 per cent on the year before, the latest figures from the port operator Gulftainer show. Volumes fell by 7 per cent throughout the Middle East, with the UAE operations of ...  >>MORE

TDIC announces phase one completion of Fishermen's Marina in Al Bateen Wharf

Posted on 16/02/2010

Tourism Development and Investment Company (TDIC), a master developer of major cultural, residential and tourism destinations, has completed the renovation of the first phase of Al Bateen Wharf's Fishermen's Marina, Abu Dhabi. The Fishermen's Marina mainly services the fishermen of Al Bateen and embraces the area's maritime heritage, including boat-craftsmanship as well as the treasured public walkway. The first phase featured the completion of the marina's mooring berths that will ...  >>MORE

Expansion work on most of DP World's projects resumes

Posted on 14/02/2010

Port expansion work on most of DP World's projects have resumed as Yemen announced the latest expansion at the Aden Port. Although DP World recently announced a fall in profits during 2009, it is widely expected that the company's presence in fast-growing emerging markets, continued port expansion and pick-up in the global trade and shipping conditions will boost its performance in the next 12 months. DP World reported a six per cent drop in Q3 2009 container volumes, taking total volume ...  >>MORE

Bumper cargoes set Mina Zayed port apart

Posted on 10/02/2010

Container volumes at Abu Dhabi's Mina Zayed port have surged by 36 per cent, defying a regional decline of 7 per cent and making the emirate a lone bright spot after the global downturn. The increase to 530,000 containers last year came as the emirate's population grew and large projects such as the Yas Marina Formula One circuit were built, port officials say. By contrast, global container traffic fell by 12 per cent last year, according to Drewry Shipping Consultants, as declining global ...  >>MORE

Jebel Ali port volumes better global average

Posted on 04/02/2010

The Jebel Ali port in Dubai has done pretty well despite the slowdown and its throughput has underperformed the global decline in port volumes, according to a maritime analyst. "Overall, Jebel Ali port has done much better than the global port throughput. Globally, ports have lost on average about 20 to 25 per cent of their throughput, but the port in Dubai lost much lesser last year," Professor Asaf Ashar, Director, National Ports and Waterways Institute, University of New Orleans, told ...  >>MORE

Khalifa Port to contribute US$22b to UAE's GDP on completion

Posted on 02/02/2010

Khalifa Ports and Industrial Zone (KPIZ) at Taweelah, set to be Abu Dhabi's largest port, will open in the last quarter of 2012 with an initial capacity of two million TEUs (twenty-foot equivalent container units), top company officials said Monday. Mohammad Al Shamisi, vice-president of port operations at Abu Dhabi Ports Company (ADPC), speaking at the Middle East Ports 2010 conference on Monday, said that the initial capacity would include 8 million tonnes of general cargo, which is four ...  >>MORE

DP World's Vietnam terminal opens

Posted on 31/01/2010

Dubai/Ho Chi Minh City - DP World Saturday announced the official opening of DP World-operated Saigon Premier Container Terminal (SPCT) in Ho Chi Minh City, Vietnam. Attending the event were DP World Chairman Sultan Ahmad Bin Sulayem, Ho Nghia Dung, Vietnam's Minister of Transportation, Lê Hoàng Quân, Chairman of HCMC People's Committee and Phan Hong Quan, General Director of Tan Thuan Industrial Promotion Company, SPCT's joint venture partner IPC a state-owned enterprise, among 700 other ...  >>MORE

DP World pre-tax profit in line with expectations

Posted on 26/01/2010

DP World, one of the world's largest port operators, said yesterday that year-end pre-tax profits will be hit after an 8 per cent decline in 2009 volumes, but will be in line with market expectations. It added that last year's throughput at 28 of its terminals fell 8 per cent to 25.6 million twenty-foot equivalent containers (TEUs) in 2009 from 2008 numbers as global trade faced a downturn. Excluding the contribution from new terminals, which joined the portfolio during 2009, volumes ...  >>MORE

New integrated Gate 3 complex opened at Jebel Ali port

Posted on 21/01/2010

Container trucks and other commercial vehicles exiting DP World, UAE Region's Jebel Ali Port and Jebel Ali Free Zone will be able to use the dedicated inspection facility at the Main Gate 3 following the official opening of an expansive, integrated clearing facility on Monday. The new complex, spread over 88,906 square metres, is designed to expedite movement of cargo vehicles by bringing together various departments and clearing authorities, such as the DP World Documentation Section for ...  >>MORE

UAE top logistics hub in the Gulf

Posted on 17/01/2010

The World Bank has placed the UAE as the best performing trade logistics service-provider in the Gulf region. According to its Logistics Performance Index (LPI) survey, conducted every two years, the UAE scored 3.63 points, ranking 24 among 155 countries across the world, and leaving other Gulf countries far behind. The World Bank's LPI survey ranked Bahrain 32, Kuwait 36, Qatar 55 and Oman at 60. Saudi Arabia, the largest economy in the region stood at 40, according to the survey titled: ...  >>MORE

Gulftainer posts 10% volume surge at UAE terminals in 2009

Posted on 07/01/2010

Sharjah-based terminal and logistics company Gulftainer announced that throughputs at its UAE facilities – Khorfakkan Container Terminal (KCT) and Sharjah Container Terminal (SCT) – increased by nearly 10 per cent to 2,750,285 TEUs in 2009. "This remarkable performance in a difficult year, when many container terminals throughout the world saw substantial downturns, undoubtedly reflects both the relative economic buoyancy of the region and the fact that KCT in particular has the reputation of ...  >>MORE

February start for Dubai's new cruise terminal

Posted on 07/01/2010

The Dubai Department of Tourism and Commerce Marketing (DTCM) said yesterday Dubai's new cruise terminal in Port Rashid complex will be open for business in February 2010. The new 3,450-sqm terminal, which was originally due to open in January this year, will be equipped to handle four ships at one time while catering to the increased number of cruise ship calls. The move comes at a time when Dubai is rapidly emerging as a sought-after cruise destination for global cruise liners and ...  >>MORE

DP World advances £1.5bn London Gateway project

Posted on 06/01/2010

DP World's London Gateway development will generate up to 36,000 jobs, the global ports operator said as Gordon Brown, the British Prime Minister, met with officials from the company. Mr Brown said the Dubai port operator's decision to proceed with the £1.5 billion (Dh8.94bn) project was a "massive vote of confidence in the UK's economic recovery”. DP World on Monday ended doubts about the future of the planned deep-sea container port when it announced it would press ahead with construction ...  >>MORE

New FMX service at Khorfakkan

Posted on 23/12/2009

International ports management and logistics company, Gulftainer, has announced a new service calling at Khorfakkan Container Terminal (KCT), which it operates on behalf of the Sharjah Ports Authority. Throughout 2009, the economic downturn has affected business and trade all over the world. Inevitably, cargo and container volumes have reduced as exports and imports weakened in all areas. However, the Gulf region has been more resilient with throughputs for most centres remaining at healthy ...  >>MORE

Ras al Khaimah to inaugurate dry dock next year

Posted on 20/12/2009

Ras al Khaimah is going to open its first dry dock facility within a few months, an official has said. "Al Jazeera Dry Dock is going to be functional by March-April 2010. We're currently in the testing period of the lift dock and finalising the construction phase of the dry dock. The official opening will be around March or April, after completing load tests and certification under Lloyd's Register," Captain Majed Abu Sharar, Port Services and Operations Manager, Al Jazeera Port, Ras al ...  >>MORE

Abu Dhabi eyes luxury cruise market

Posted on 20/12/2009

The tourism authorities in Abu Dhabi are increasingly focused on developing the capital as a cruise ship destination and hub, with more than 60 ships expected to dock this winter. Only this week, Abu Dhabi rolled out the red carpet to welcome more than 1,800 passengers who arrived aboard Italian operator Costa's flagship ‘Lumin0sa', currently on its maiden tour of the Gulf. As part of the company's newly-launched five-stop, seven-day winter cruise programme, passengers and more than 900 crew ...  >>MORE

Drydocks World - Dubai wins Lloyd's list Shipbuilding/Ship repair Award 2009

Posted on 19/11/2009

Drydocks World - Dubai, the region's premier ship repair, conversion and new building yard and flagship company of Drydocks World, reaffirmed its position in the marine industry when it won the prestigious Shipbuilding/Ship repair Award at the Lloyd's List Middle East and Indian Subcontinent Awards 2009 for the fifth consecutive year. The honour is in recognition of the consistent results Drydocks World - Dubai has delivered despite the global economic downturn, while maintaining the highest ...  >>MORE

42pc growth in container flow at Abu Dhabi Terminals

Posted on 16/11/2009

Abu Dhabi Terminals, or ADT, handled in excess of 436,000 containers in the first ten months of this year, marking an increase of 42 per cent over the nearly 308,000 containers it handled during the same period in 2008. The terminal had handled 390,000 containers only during the entire year of 2008, and the figures indicate that the terminal could handle 12 per cent more containers in the first ten months of this year. These numbers are expected to increase further by the end of this year, ...  >>MORE

Mina Zayed container shipments surge

Posted on 12/11/2009

Container shipments at Mina Zayed port have jumped 42 per cent in the first 10 months of this year. But bulk shipments were nearly flat compared with the same period last year, growing just 5 per cent as the once red-hot property industry levelled off due to the global downturn, analysts said. Abu Dhabi Terminals saw container shipments reach 436,128 containers, compared with 307,536 in the January to October period last year. Container volumes are a good measure of consumer demand and ...  >>MORE

ADNATCO-NGSCO signs alliance agreement with Drydocks World

Posted on 03/11/2009

ADNATCO-NGSCO, the shipping arm of the ADNOC Group of Companies, announced that it has signed a strategic alliance agreement with Drydocks World. The agreement was signed, at a special ceremony held in Dubai, by ADNATCO-NGSCO General Manager Ali Obaid Al-Yabhouni and Drydocks World Executive Vice Chairman and Regional CEO for the Middle East, Africa and Asia Hamed Bin Lahej. ADNATCO-NGSCO comprises two fleets. Abu Dhabi National Tanker Company (ADNATCO) operates a fleet of chemicals, ...  >>MORE

DP World announces its report for first nine months of 2009

Posted on 29/10/2009

DP World reported container volumes for the nine months to 30 September 2009 some 8% lower than the same period last year, reflecting a stronger third quarter with volumes in that period only 6% lower than the third quarter last year. In the third quarter, volumes in the UAE region were in line with the same period last year, resulting in volumes for the first nine months of the year down only 5% against the prior period. In August, the region handled just over a million TEU's reflecting ...  >>MORE

September freight volumes up by 20% against January lows

Posted on 26/10/2009

Freight volumes of cargo passing through Dubai (imported and then re-exported) have risen by 20 per cent in September against the lows of January, Captain Mansoor YA Ghafoor, President of National Association of Freight Logistics (NAFL), the Dubai-based organisation of shippers told Emirates Business. Ghafoor said the freight rates of cargo passing through the emirate has increased by 15 per cent in the same period. "Things are looking up from the lows of January this year. We may not be ...  >>MORE

ADSB delivers two SeaKeeper landing crafts to Royal Bahrain Naval Force

Posted on 22/10/2009

Abu Dhabi Ship Building (ADSB) yesterday delivered two, 16 meter SeaKeeper Landing Craft to the Royal Bahrain Naval Force at a signing ceremony at the ADSB shipyard facility in MussafFah. Homaid Al Shemmari, ADSB Chairman said "We are extremely proud to deliver these new SeaKeeper Landing Craft to the Royal Bahrain Naval Force. As members of the Gulf Cooperation Council (GCC), the UAE and Bahrain are partners in many ways and cooperation in the naval sector is one example of this strong ...  >>MORE

UAE's Eships to transport alumina to world's largest green-field aluminium smelter project

Posted on 19/10/2009

Emirates Ship Investment Company (Eships) has won a contract to transport approximately one million tonnes of alumina annually to Emirates Aluminium (EMAL), which is building a $5.7 billion aluminium smelter in Abu Dhabi - the largest diversification project in the UAE. The three year contract was awarded after a competitive tender involving over 15 shipping companies and will start next year. EMAL's smelter at Al Taweelah is scheduled to produce its first high-grade semi-finished ...  >>MORE

Dubai World projects to continue

Posted on 16/10/2009

Dubai World, the UAE's largest holding company, remains fully committed to its projects, which will be realised in view of the market situation, a top official said. "Dubai World remains fully committed to its obligations and projects," Jamal Majid Bin Thaniah, chief executive of Dubai World, told Gulf News while announcing the restructuring of the company. Dubai World has completed its restructuring which resulted in reducing the headcount by a quarter in the UAE to 25,000 and 15 per cent ...  >>MORE

Fujairah Port awards contract to expand oil product handling

Posted on 02/09/2009

Fujairah Port Tuesday awarded a multi-million dollar construction contract to Topaz Engineering's subsidiary, Nico International, as major expansion takes place at the port. The company will develop facilities at the Oil Terminal 2 and construction will include design, supply, fabrication, installation, testing and pre-commissioning of four berths topside facilities. The contract will add additional berthing capacity on the East Coast. A deepwater port, Fujairah can handle tankers up to ...  >>MORE

DP World, Odebrecht partnership with Coimex to build and operate Embraport in Santos,

Posted on 31/08/2009

Global marine terminal operator DP World and Brazilian company Odebrecht announce they have entered into a partnership to acquire a majority stake at Empresa Brasileira de Terminais Porturios (Embraport), one of the largest Brazilian private multi-modal port terminals in the city of Santos. It is the first time that DP World and Odebrecht Investiments in Infrastructure have formed such a partnership. The investment fund FI-FGTS of Caixa Econ mica Federal will maintain its shareholding ...  >>MORE

DP World first-half profit drops 34 per cent as container volumes drop

Posted on 28/08/2009

DP World Ltd., the Dubai-controlled company managing ports from Europe to Asia, said first-half profit fell 34 per cent as container volumes were hurt by slowing trade amid the global economic crisis. Net income fell to US$175.3 million, or 1.06 cents a share, from US$264.7 million, or 1.59 cents, a year earlier, the ports company said on Thursday in a statement to Nasdaq Dubai. Profit was above the US$132 million median forecast of three analysts surveyed by Bloomberg News. Revenue declined ...  >>MORE

UAE invests US$23bn to expand seaports

Posted on 28/08/2009

The UAE has pumped US$23 billion (Dh84.5bn) to develop its seaports in an effort to take advantage of the growth in business it expects from high oil exports and swelling imports. The capital accounts for nearly 60 per cent of the total investments of around US$38.2bn injected in port projects by the six-nation Gulf Co-operation Council (GCC), the Kuwaiti Financial Centre, Markaz, said in a study on Gulf ports. As a result, the UAE has emerged as the largest transhipment centre in the region, ...  >>MORE

Drydocks World - Dubai carries out inaugural operation on 6000-tonne Ship Lift in Dubai Maritime City

Posted on 26/08/2009

Drydocks World - Dubai, the region's premier ship repair, conversion and new building company under the Drydocks World group, announced that it has successfully carried out its first operation on the advanced 6000-tonne ship lift at the Industrial Precinct in Dubai Maritime City. The Industrial precinct at DMC also has another ship lift with a capacity of 3000 tonnes, which is operational already. The operation involved the lifting of M.Y. Bart Roberts, a mega pleasure yacht weighing 2,310 ...  >>MORE

Jebel Ali Port receives mega containership MSC Kalina

Posted on 23/08/2009

Global port operator DP World's flagship Jebel Ali Port has received one of the world's largest container ships, MSC Kalina, at its Terminal 2. The vessel, from the fleet of the Geneva-based shipping line, Mediterranean Shipping Company SA (MSC), is 366 metres long, 52 metres wide, and has a draught of 15.3 metres. Registered in Panama, MSC Kalina has a nominal capacity of 14,000 TEU (twenty foot equivalent container units), like her sister ship, MSC Daniela, the largest container vessel ever ...  >>MORE

Waha gets first two AHT vessels

Posted on 04/08/2009

Waha Maritime, a subsidiary of Abu Dhabi's Waha Capital, yesterday announced taking delivery of its first two anchor handling tug (AHT) vessels. The vessels were purchased by Waha Offshore Marine Services, Waha Maritime's offshore support vessel owning and operating arm. The first ship, Waha I, is a 48-metre long vessel powered with two Caterpillar engines of up to 5,150 brake horsepower (BHP). The second one, Waha II, is 38- metre long twin screw powered with 5,000 BHP Niigata engine. ...  >>MORE

DP World's port business drops 10%

Posted on 31/07/2009

Cargo handler DP World says business at ports it runs dropped ten per cent in the first half of 2009 as the shipping industry struggles through a sharp downturn caused by the global recession. The Dubai-based port operator said it moved the equivalent of 12.3 million 20-foot shipping containers through the 26 terminals it owns or has operational control of around the world between January and June. That's down from 13.6 million containers in the same period a year earlier. CEO Mohammad ...  >>MORE

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Quick List

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


UAE ports set for sharp rebound in throughput


Abu Dhabi plans to develop new cruise terminal


DP World volumes increase 15%


TDIC seeks bids for Al Bateen Wharf contract


DP World announces 2009 financial results


US$2.18bn Khalifa port operations to start in 2012


Sharjah Container Terminal gets new YML service


Sharjah port thrives in the storm


TDIC announces phase one completion of Fishermen's Marina in Al Bateen Wharf


Expansion work on most of DP World's projects resumes


Bumper cargoes set Mina Zayed port apart


Jebel Ali port volumes better global average


Khalifa Port to contribute US$22b to UAE's GDP on completion


DP World's Vietnam terminal opens


DP World pre-tax profit in line with expectations


New integrated Gate 3 complex opened at Jebel Ali port


UAE top logistics hub in the Gulf


Gulftainer posts 10% volume surge at UAE terminals in 2009


February start for Dubai's new cruise terminal


DP World advances £1.5bn London Gateway project


New FMX service at Khorfakkan


Ras al Khaimah to inaugurate dry dock next year


Abu Dhabi eyes luxury cruise market


Drydocks World - Dubai wins Lloyd's list Shipbuilding/Ship repair Award 2009


42pc growth in container flow at Abu Dhabi Terminals


Mina Zayed container shipments surge


ADNATCO-NGSCO signs alliance agreement with Drydocks World


DP World announces its report for first nine months of 2009


September freight volumes up by 20% against January lows


ADSB delivers two SeaKeeper landing crafts to Royal Bahrain Naval Force


UAE's Eships to transport alumina to world's largest green-field aluminium smelter project


Dubai World projects to continue


Fujairah Port awards contract to expand oil product handling


DP World, Odebrecht partnership with Coimex to build and operate Embraport in Santos,


DP World first-half profit drops 34 per cent as container volumes drop


UAE invests US$23bn to expand seaports


Drydocks World - Dubai carries out inaugural operation on 6000-tonne Ship Lift in Dubai Maritime City


Jebel Ali Port receives mega containership MSC Kalina


Waha gets first two AHT vessels


DP World's port business drops 10%