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INFRASTRUCTURAL DEVELOPMENT - SEAPORTS & SHIPPING

Third Quarter 2002 Review: Dubai ports head for record 3.8m TEU throughput

Posted on 01/01/2003

The third quarter of 2002 was dominated by the freehold sale of properties to expatriates as EMAAR Properties began selling residential villas and apartments directly to customers during this period. This went on to dominate the last quarter of the year as well with the launch of the Meadows, the Greens, the Springs, Dubai Marina towers and finally, the Arabian Ranches - a new landscaped neighbourhood for upmarket clients. With these developments, EMAAR managed to set a new trend in Dubai's ...  >>MORE

Federal Customs Authority to be set up soon

Posted on 29/12/2002

A unified list of goods exempted from the GCC customs duties includes 415 items, according to the Dubai Customs, but did not provide any details. Senior Dubai Customs officials yesterday declared that Dubai has completed all technical readiness procedures to implement the GCC tariffs union from January 1. It has set up a team to study the implementation and to map the procedures as well as to ensure that these are implemented correctly. The first phase of the GCC Economic Agreement dictates ...  >>MORE

Dubai Cargo Village turnover up 23 pc

Posted on 11/12/2002

The Dubai Cargo Village (DCV) cargo handling volumes rose 23 per cent in the first 10 months of the year. Compared with the corresponding period last year, DCV handled 632,700 tonnes of cargo. In the first 10 months of 2002 DCV handled 515, 300 tonnes. Data showed October 2002 was the peak month recording highest shipping and handling rate in the history of DCV. In October DCV handled 73,300 tonnes of cargo and increase of 26 per cent compared with 59, 400 tonnes in October 2001. According ...  >>MORE

Inland container terminal coming up in Sharjah

Posted on 10/12/2002

Container terminal operator Gulftainer Co Ltd, which functions on behalf of Sharjah Ports and Customs Authority, will start work on the Dh30 million project in January, with completion scheduled for June. The project consultant and primary contractor will be finalised within a week. "Strategically located near the University City complex, the 150,000 square metre site will be capable of holding up to 18,000 TEU, and should be capable of meeting Sharjah's projected demand for the next 10 ...  >>MORE

Dubai Ports heading for a record year

Posted on 02/12/2002

Dubai Ports Authority (DPA) witnessed record growth of 17 per cent in containers and 28 per cent in general cargo handling from January to October this year, surpassing earlier forecasts. DPA handled 3,452,140 metric tons (mt) of general cargo, from January to October, compared with 2,707,357 mt for the same period last year, a 28 per cent growth, according to a report in "Gulf News.” In terms of containers, the DPA handled 3,414,094 TEUs between January and October, compared with 2,908,585 ...  >>MORE

New cargo village in Capital almost ready

Posted on 25/11/2002

The new state-of-the-art Abu Dhabi Cargo Village, adjacent to the Abu Dhabi International Airport, is all but ready to meet the growing airfreight volumes. Phase one with an investment outlay of Dh15 million is expected to be completed by year-end, after which the next phase will commence. According to Sheikh Hamdan bin Mubarak Al Nahyan, chairman, Abu Dhabi Civil Aviation Department, the new village will specialise in cargo, storage and re-export operations. The new cargo village, in its ...  >>MORE

Over 1,500 marina berths to come up

Posted on 18/11/2002

About 1,500 to 2,000 new marina berths will be completed in Dubai within the next five years, according to industry sources. With an expanding network of superb marinas and water sports clubs under construction, the growth prospects of the marine industry in the Middle East region are excellent. The Dubai International Boat Show (DIBS), which will be organised by the Dubai World Trade Centre, is the largest marine industry exhibition in the Middle East. The exhibition is gaining increased ...  >>MORE

US$120m maritime fund to be launched

Posted on 17/11/2002

The Abu Dhabi-based Combined Cargo UAE (CCU) is launching a US$120 million Catalyst Capital Fund which will be a maritime opportunity private equity fund, to expand its operations. The fund will seek US$50 million from regional investors and raise US$70 million of debt from leading maritime banks. It will focus on creating a shipping deal flow in Abu Dhabi, mainly through the purchase and sale of second hand and new Panamax and Capesize vessels. The fund will also invest in long-term lease ...  >>MORE

Sharjah container traffic up

Posted on 03/11/2002

Container throughput at Sharjah's twin ports of Khor Fakkan and Mina Khalid continued to surge during the first half this year over the comparable period of 2001. Khor Fakkan Container Terminal notched up a 19 per cent jump over 513,379 TEU recorded in first-half 2001, with Mina Khalid also witnessing an 11 per cent rise over 53,905 TEU last year, stated Barry Coughlan, director and general manager, Gulftainer Co Ltd, which manages and operates both ports on behalf of Sharjah Ports Authority. ...  >>MORE

DPA signs MoU with Port of Houston Authority

Posted on 30/10/2002

Dubai Ports Authority (DPA) signed a memorandum of understanding for trade cooperation with the Port of Houston Authority (POHA) to enhance and promote trade between the UAE and the US. The memorandum was signed by Sultan bin Sulayem, Executive Chairman of Ports, Customs and Free Zone Corporation (PCFC), and Kase L. Lawal, vice-chairman of POHA, a press release from PCFC said. DPA and POHA share similarities in their structure and main trading commodities. Both ports will conduct programmes and ...  >>MORE

Ships from 11 countries banned

Posted on 22/10/2002

The Cabinet on Monday banned ships from 11 countries from entering UAE ports and ship waiting areas near ports or sailing in the territorial waters and the economic area of the UAE. The ban includes the ships flying the flag of Albania, Belize, Honduras, Georgia, Saint Vincent & the Grenadines, Mauritius, Cambodia, Maldives, Comoros Islands and Bolivia. The ban also covers ships not having valid classification certificates issued by an international classification agency which is a member in ...  >>MORE

UAE among top five in ship supplies, bunkering

Posted on 06/10/2002

The UAE ranks among the top five locations in the world for ship supplies and bunkering, with the annual turnover of ship supplies business approximately amounting to $300 million, according to Ahmed Humaid Al Tayer, Minister of Communications. Speaking at the opening session of the 47th ISSA (International Ship Suppliers Association) Convention & Trade Exhibition hosted this year in Dubai by the UAE Ship Suppliers Association (UNSSA), he said that the UAE historically had a very close ...  >>MORE

Shipping lines to raise rates today

Posted on 01/10/2002

Shipping lines bringing goods from Europe must be suffering, judging by the fact that they are for the second time this year boosting rates by Dh740 per 20-foot container (TEU) from today. A group of major lines on the route implemented a "rate restoration" in March by charging Dh740 more per TEU. For an importer, each container from Europe will now cost Dh1,480 (US$400) more than what he paid before March. And the trader is most likely to pass on the price rise to the consumer. ...  >>MORE

DPA's throughput growth to cross 16pc

Posted on 02/09/2002

Growth in this year's Dubai ports' throughput might cross 16 per cent to reach 3.8 million TEUs over last year's 3.5 million TEUs, according to a senior port official. "Based on the flow of bulk cargo, which crossed 14 per cent growth in the first half of the current year, we can easily say the overall growth by the end of 2002 will cross 16 per cent over last year's throughput," said Mohammed Sharaf, deputy managing director of Dubai Ports Authority (DPA). DPA registered a 14 per cent ...  >>MORE

Dubai Cargo Village sees 20pc growth

Posted on 25/08/2002

Dubai Cargo Village (DCV) has recorded a growth of over 20 per cent for the dull summer season, with a total of more than 200,000 tonnes of cargo handled during June, July and August to date compared to the same period of last year. July has registered the highest ever record in the 11-year history of DCV, showing an increase of 25.50 per cent compared to the last year figures, with over 65,000 tonnes of cargo handled, including imports, exports and transit, while June witnessed 22.40 per cent ...  >>MORE

Sharjah Air Port ranks leading position in the field of freight

Posted on 19/08/2002

Ali Salim Al Madfa, Director of Administrative and Commercial Affairs at the Sharjah International Airport, affirmed that the Sharjah Airport holds the leading position in the field of airfreight at the level of Asia's airports and the second leading position at the world's level. Al Madfa added that the airport has achieved high growth rates over the past seven months of this year, whereas the freightage via airport has risen to 280, 306 tons against 232, 223 tons for the same period of last ...  >>MORE

Dubai Customs gets ISO 9001certificate

Posted on 16/08/2002

Dubai Customs has won ISO 9001:2000 certifications to become one among only ten customs organisations the world over to do so. It has also become the first government customs department in the whole region to achieve this distinction. Hamad Fadhel Al Mazrouei, acting director general of Dubai Customs - which is part of the Ports, Customs and Free Zone Corp - said that the department, through this achievement, will ensure that it observes all directives and administrative updating from Dubai ...  >>MORE

DPA records impressive growth in first-half traffic

Posted on 05/08/2002

The Dubai Ports Authority (DPA) has registered impressive growth during the first half of the current year, in terms of cargo and passenger handling. The port's passenger Ferry Terminal has shown impressive growth in traffic while the passenger movement in the Cruise Terminal have registered a decline. Passenger movement in the Ferry Terminal in Port Rashid has increased from 20,011 during January to May 2001 to 25,532 during the same period of the current year. However, 7,425 passengers ...  >>MORE

DPA handles 13.43pc more containers

Posted on 23/07/2002

The Dubai Ports Authority (DPA) recorded a 13.43 per cent rise in containers handled during the first half of 2002 to total 1.93 million TEUs. This compares to the 1.7 million recorded during a similar period last year. The figures represent the combined throughput from the Jebel Ali, Port Rashid and Hamriya terminals. During the first half of 2002, DPA handled 747,137 containers of up to 20 cubic metre, against 712,403 last year, and 593,709 of over 20 cubic metres, compared to 496,560 last ...  >>MORE

DPA posts record growth in cargo handling

Posted on 19/06/2002

Cargo handling by the Dubai Ports Authority, DPA grew a record 14 per cent at 3.5 million TEU's in 2001 over the 2000 figures, and this year it is expected to record 16 per cent growth, according to DPA official. Talking to the Gulf Today on the sidelines of a press conference to announce the schedule of the region's first integrated conference and exhibition for the shipping industry, Mohammed Sharaf, commercial director of DPA, said the figures reflect the growth of business and trade ...  >>MORE

DPA to run Indian port for 30 years

Posted on 15/06/2002

Dubai Ports Authority (DPA) has recently bagged the management contract to run India's Vizag port for 30 years along with JM Baxi & Co, on a build operate and transfer (BOT) basis. With this arrangement, which was signed last month, DPA-JM Baxi & Co team will share revenue with Indian government. Disclosing this, Vedprakash Goyal, the Indian Minister of Shipping, said the new team is likely to spend in the region of Rs1 billion over a period of 30 years for the overall uplift of the port. ...  >>MORE

RAK to implement major port project

Posted on 31/05/2002

A major project will be sponsored by the Ras Al Khaimah Government to improve the emirate's port and provide it with all the necessary requirements, a report from the "Gulf News” quoted Sheikh Faisal bin Saqr Al Qasimi, head of Ras Al Khaimah Free Trade Zone Authority (RAKFTZA) to have said. During the last two years, the number of registered companies at RAKFTZA reached over 100 with total invested capital of Dh120 million, including one ship building and maintenance company investing around ...  >>MORE

Procedures for customs authority put in motion

Posted on 29/05/2002

The Ministry of Finance and Industry will start undertaking the necessary procedures for the formation of the UAE Federal Customs Authority and the unified customs law. Yesterday, Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance and Industry, chaired the UAE ministerial committee for GCC affairs. The committee includes the Ministers of Economy and Commerce, Communications, Finance and Industry, Interior, Foreign Affairs and the Ministers of State for ...  >>MORE

DNATA Cargo insists on labels with bar codes

Posted on 28/05/2002

DNATA Cargo is making a bar-coded label on every export shipment mandatory from July 1. This follows the introduction of hand-held terminals, which will scan all shipments as they arrive at Dubai Cargo Village's main terminal. Exporters and agents who do not have their own barcode printers can make use of DNATA's on the-spot barcode printing service. The hand-held terminals are battery-powered, portable, tele-transaction computers which can be comfortably carried on a strap. They transmit ...  >>MORE

UAE tipped to join IMO 'white list'

Posted on 27/05/2002

According to opinions within several leading classification societies and marine consultants, the predicted 'rush' from cargo ship operators, prior to the July 1 deadline for Phase 2 implementation of the ISM Code is now beginning to happen. The UAE is tipped to join the so-called 'white list' which is the International Maritime Organisation's (IMO's) list of parties that are deemed to be giving full and complete effect to the provisions of the revised 1978 Convention on Standards of Training, ...  >>MORE

Combined Cargo earns Dh11.6m net profit

Posted on 26/05/2002

Two Abu Dhabi-based joint venture companies have exceeded forecasted results with Combined Cargo UAE LLC (CCU) earning a net profit of US$3.16 million (Dh11.59 million) for 2001, and Adyard Abu Dhabi posting a net profit of Dh3.2 million, company sources said. CCU and its subsidiaries clocked a turnover of US$23.37 million (Dh85.76 million) for year 2001, an increase of 44 per cent over the previous year. Net profit, despite the impressive turnover, was US$3.168 million compared to US$3.115 ...  >>MORE

Fujairah woos investors in bid to set up dry-dock

Posted on 10/05/2002

The Port of Fujairah is planning to attract investors to set up a dry-dock for repairing ships as part of the port authority's new policy of attracting investments to develop its maritime business. Captain Mousa Murad, director general, told Gulf News that the port authority is ready to offer all facilities and services for investors to set up business at the port with great support from the local government. He said the dry-dock could be easily constructed on the land between the port and ...  >>MORE

Shipping rates from Asia to Gulf set to rise

Posted on 06/05/2002

A surge of cargo to the Middle East region from the Far East and South East Asia ha s prompted major shipping lines calling Dubai ports to announce a rate restoration programme on these routes with effect from June 1. The move comes as a surprise as the lines had not included these sectors when they announced the rate increase form Japan to the Gulf earlier this year. The decision was taken only at the end of last month. Industry sources said that the chances for success of the new rate ...  >>MORE

New entity to run three Sharjah ports

Posted on 03/05/2002

Sharjah Port Services, a new entity set up under the umbrella of Sharjah Port Authority, will manage general cargo handling operations at the three ports of Hamriyah (in Sharjah), Sharjah Creek, and Mina Khalid. Bangkok listed company Thoresen Thai Agencies, holding firm of the Thoresen Group, has a 49 per cent stake in the new entity, believed capitalised at Dh1 million. The Thai group with Norwegian origins has had a strong regional presence in the shape of subsidiary Gulf Agency Co, its ...  >>MORE

DPA puts up good show in first quarter

Posted on 29/04/2002

The Dubai Ports Authority (DPA) has achieved a 10 per cent growth in container handling during the first quarter of 2002, compared to the same period last year. It handled a total of 935,144 TEUs compared to 846,587 TEUs 2001. Although DPA continues to provide for a conservative estimate of 7 per cent growth per annum, in light of the January to March 2002 results, it has not ruled out the possibility of consistently higher figures than the estimate. The continued growth has primarily been ...  >>MORE

DCV handles 168m tonnes of cargo in first quarter

Posted on 19/04/2002

Dubai Cargo Village (DCV) handled a grand total of over 168 million tonnes of cargo during the first quarter of this year, recording almost 17 per cent growth over the same period of last year, with January recording the highest growth rate of 22.55 per cent, according to DCV statistics. 'Total imports for the first three months of this year increased by little over 19 per cent to 92,600 tonnes from 77,800 tonnes for the same period of last year, with the highest quantity of imports (28,700 ...  >>MORE

Dubai wins port, terminal awards

Posted on 25/03/2002

Dubai again stole the limelight at the recently concluded Seatrade Cruise Shipping Convention in Miami, Florida, by winning the 'Most improved port facilities' award and 'Best new terminal building' award for the Dubai Cruise Terminal that is operated by the Dubai Department of Tourism and Commerce Marketing (DTCM). Dreamworld Cruise Destinations presented the awards following a comprehensive worldwide survey covering 11 categories in the port, terminal and destination sectors of the four major ...  >>MORE

Ambitious harbour project launched

Posted on 07/02/2002

The ambitious inner harbour project at Hamriyah Port adjoining Sharjah's Hamriyah Free Zone was officially launched yesterday by His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Member of the Supreme Council and Ruler of Sharjah. The project, spread across three phases, will entail a Dh75 million investment in the first phase, which will see the construction of 3.1 km of wharfage across 350 metres, with a draft depth of 7 metres. Interestingly, the complex will include a drydocking ...  >>MORE

Cargo Village records 9pc growth in '01

Posted on 04/02/2002

Dubai Cargo Village (DCV) recorded nine per cent growth in 2001 with total freight movement of 632,222.52 tonnes, according to senior DCV officials. Despite the impact of global events last year, DCV also expects to achieve double-digit growth this year and is now studying the next phase of the expansion programme, said Ali Al Jallaf, DCV director. Meanwhile, the current year also began on a positive note for DCV because it was chosen as the 'Best Middle East Cargo Airport' by the UK's Air ...  >>MORE

Port Zayed completes upgrade in record time

Posted on 03/02/2002

Port Zayed Authority in Abu Dhabi said on Saturday that it has completed the automation and upgrade of its entire information infrastructure in record time. The project, which is one of the largest to be undertaken in the Middle East, was completed with the technical expertise of Emirates Computers, a press statement said. It will facilitate integration of the ports systems to enable transactions to be implemented in record time, and alleviating paper work and manual labour. The new system ...  >>MORE

Dubai Ports to end year with stellar performance

Posted on 02/02/2002

The Dubai Ports, Customs and Free Zone Corp notched up a number of major milestones in 2001, according to Sultan bin Sulayem, chief executive. Dubai Ports Authority expects to close the year with a record 15 per cent surge in container handling, over the 3-plus million TEU handled in 2000, he said yesterday. Meanwhile, Ras Al Khaimah Free Trade Zone Authority announced that it has also maintained its track record of strong business growth during the year. DPA was last year nominated the ...  >>MORE

30 impounded ships to be auctioned

Posted on 31/01/2002

The Ministry of Finance will auction during February, 30 ships impounded for either violating the oil embargo on Iraq or for not being seaworthy, it was announced on 29 January. Buyers must dismantle the ships within one month from purchase, to prevent the ships from returning to sea. If the dismantling is done outside the UAE, a certificate must be given to the ministry with details of where the vessel was dismantled. The Ministry of Communications set up the Port State Control in 2000 to ...  >>MORE

Fujairah port cargo throughput up 20pc

Posted on 16/01/2002

Tonnage handled through Fujairah port rose 20 per cent to 19.9 million tonnes in 2001, port authorities said yesterday. The seaport is in the final stage of its expansion programme, scheduled for completion in the third quarter, said Capt. Mousa Murad, general manager. While dredging to 15 metres was completed last year, a further 600 metres of main berth is being completed, to give 1.4 km of continuous straight quay, he explained. The new berth development is proceeding on schedule. He ...  >>MORE

Sharjah ports post record rise in traffic

Posted on 14/01/2002

The twin ports of Sharjah have recorded an all-time rise in container traffic in 2001 with the twin ports of Sharjah and Khorfakkan posting a 7.53 per cent rise over 2000. Between Sharjah and Khorfakkan container terminals, the container handling was to the tune of 1,200 TEUs last year compared to previous years, a press statement said on Sunday. The Sharjah ports are managed by Gulftainer Co. Limited on behalf of the Sharjah Ports Authjority (SPA). Gulftainer said the ports have been ...  >>MORE

Dubai Ports to end year with stellar performance

Posted on 01/01/2002

The Dubai Ports, Customs and Free Zone Corp notched up a number of major milestones in 2001, according to Sultan bin Sulayem, chief executive. Dubai Ports Authority expects to close the year with a record 15 per cent surge in container handling, over the 3-plus million TEU handled in 2000, he said yesterday. Meanwhile, Ras Al Khaimah Free Trade Zone Authority announced that it has also maintained its track record of strong business growth during the year. DPA was last year nominated ...  >>MORE

Fujairah ports post robust growth

Posted on 21/12/2001

Fujairah and Dibba Al Fujairah ports have recorded up to 50 per cent increases in oil and bulk cargo handled by the two terminals during 2000, compared to in 1999. Fujairah port loaded and unloaded around 7.2 million tonnes of oil during 2000, compared to 3.9 million tonnes in 1999 and 1.4 million tonnes in 1998, said a port official. The Port of Fujairah also handled loading and unloading operations of 3.9 million tonnes of bulk cargo, compared to 2.9 million tonnes in 1999 and 2.1 ...  >>MORE

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Quick List

Third Quarter 2002 Review: Dubai ports head for record 3.8m TEU throughput


Federal Customs Authority to be set up soon


Dubai Cargo Village turnover up 23 pc


Inland container terminal coming up in Sharjah


Dubai Ports heading for a record year


New cargo village in Capital almost ready


Over 1,500 marina berths to come up


US$120m maritime fund to be launched


Sharjah container traffic up


DPA signs MoU with Port of Houston Authority


Ships from 11 countries banned


UAE among top five in ship supplies, bunkering


Shipping lines to raise rates today


DPA's throughput growth to cross 16pc


Dubai Cargo Village sees 20pc growth


Sharjah Air Port ranks leading position in the field of freight


Dubai Customs gets ISO 9001certificate


DPA records impressive growth in first-half traffic


DPA handles 13.43pc more containers


DPA posts record growth in cargo handling


DPA to run Indian port for 30 years


RAK to implement major port project


Procedures for customs authority put in motion


DNATA Cargo insists on labels with bar codes


UAE tipped to join IMO 'white list'


Combined Cargo earns Dh11.6m net profit


Fujairah woos investors in bid to set up dry-dock


Shipping rates from Asia to Gulf set to rise


New entity to run three Sharjah ports


DPA puts up good show in first quarter


DCV handles 168m tonnes of cargo in first quarter


Dubai wins port, terminal awards


Ambitious harbour project launched


Cargo Village records 9pc growth in '01


Port Zayed completes upgrade in record time


Dubai Ports to end year with stellar performance


30 impounded ships to be auctioned


Fujairah port cargo throughput up 20pc


Sharjah ports post record rise in traffic


Dubai Ports to end year with stellar performance


Fujairah ports post robust growth