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April 9, 2023/by ehsan rezapourClearance in Oman
April 9, 2023/by ehsan rezapourMoving home furniture from Iran to Dubai
March 11, 2023/by ehsan rezapourDP World to invest $54.5 million in Jebel Ali’s agriculture-focused terminal
The strategy aims to achieve zero hunger worldwide through five goals focusing on “facilitating global food trade, diversifying food import sources, and identifying alternative supply schemes”Dubai’s DP World, one of the biggest port operators globally, has signed two development projects with multinational agricultural commodity processors Adroit Canada and Al Amir Foods.The development projects will see an estimated investment of AED200 million in Jebel Ali’s food and agriculture-focused terminal, as part of the UAE’s wider strategy to address food insecurity.The 2051 strategy aims to achieve zero hunger worldwide through five goals focusing on “facilitating global food trade, diversifying food import sources, and identifying alternative supply schemes.”
December 12, 2022/by ehsan rezapourThe projects will enhance year-round availability and production of essential grains and pulses, adding that the concessions with these two companies “will ensure a reliable, consistent, and safe agricultural value chain within the region.”The two facilities will be built on a quayside plot of nearly 100,000 sqm, where the companies have leased an area of 61,000 sqm.The facilities will operate in a singular eco-system for bulk silo storage and agri-processing and will be fully operational in two years.DP World will also invest in “technologically advanced grain and pulses automated material handling and ferrying systems as part of the project,” the statement said.“We look forward to amplifying trade for the UAE and the Middle East by enabling agri-trade and through our new developments in the Jebel Ali Port. Our flagship port has continually reaffirmed its leading position as a strategic trade and logistics hub,” DP World UAE’s chief executive officer and managing director, Abdulla bin Damithan explained.
DP World’s growth numbers outperform industry average by 127%
CEO Bin Sulayem remains optimistic about company’s medium-to-long term future despite the headwinds of inflation and currency fluctuationDP World Limited delivered growth and efficiency in handling worldwide cargo when it announced a nine-month volume growth of 2.5 percent, almost 127 percent better than the industry average.The Dubai-based logistic giant announce that it handled 59.6 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the first nine months of 2022, with gross container volumes increasing by 2.0 percent year-on-year on a reported basis and up 2.5 percent on a like-for-like basis.Bin Sulayem said: “We report another robust set of throughput figures with nine-month volume growth of 2.5 percent, which is once again ahead of industry growth of 1.1 percent.“As expected, growth rates have decelerated due to the more challenging market conditions, but global trade continues to remain resilient, and our portfolio is expected to continue to outperform the market.“Growth in the third quarter was primarily driven by a solid performance across our Asia Pacific, Americas and Australia terminals. Encouragingly, our flagship port of Jebel Ali (UAE) continues to deliver robust volumes with growth of 2.0 percent year-on-year.On a third-quarter basis, the company handled 20.1 million TEU, up 1.5 percent year-on-year and up 2.1 percent on a like-for-like basis.The third-quarter gross volume growth was mainly driven by Asia Pacific, Middle East & Africa, Americas, and Australia. Qingdao (China), ATI (Philippines), LCIT (Thailand), Jeddah (Saudi Arabia), Vancouver (Canada), Posorja (Ecuador), Santos (Brazil), and Australia showed strong growth numbers. DP World’s home port, Jebel Ali, handled 3.5 million TEU in 3Q2022, up 2.0 percent year-on-year.At a consolidated level, DP World terminals handled 34.6 million TEU, up 1.9 percent year-on-year and up 1.4 percent on a like-for-like-basis in 9M2022. On a 3Q2022 consolidated level, the numbers were 11.7 million TEU, increasing 2.7 percent on a reported basis and 1.5 percent year-on-year on a like-for-like basis.
December 12, 2022/by ehsan rezapourOmani ports see cargo growth in H1
The Ministry of Transport, Communications and Information Technology (MTCIT) has announced that Omani ports handled an increasing volume of cargo in Q1 and Q2 2022.The number of containers handled have tipped an estimate 2 per cent increase reaching 2,58 million TEU compared to 2,53 million TEU during the same period in H1 2021.The Ministry said the growth was attributed to a 2 per cent increase in containers handled at Salalah port.During the first half of this year, Oman’s ports also enjoyed a raise of 5 per cent in general, liquid, and dry bulk cargo, totalling 42,76 million tons compared to 40,61 million tons over the same period last year.The number of ships visiting the country’s ports decreased by 0.02 per cent to reach 4,700 ship and a 34 per cent decrease was registered for vehicles and heavy machinery (36,100).The decrease was mainly caused by the global economic drawback of COVID-19 as well the increasing shipping prices globally, according to the Ministry.Finally, Omani ports received 38,500 travellers accounting for a 100 per cent increase and 1.9 million imported livestock, a 5 per cent year-on-year increase.
December 12, 2022/by ehsan rezapourContact Us
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