Gulftainer records 24% per cent growth in port traffic

29/06/2010 - Dubai Investment News
Gulftainer records 24% per cent growth in port traffic

Posted by Neil King

Gulftainer, the UAE-based port operator, recorded a 24 per cent growth in traffic at its Sharjah facilities between January and May this year compared to the same period in 2009.

The company confirmed it handled 1.25 million TEU (twenty-foot equivalent) containers during the period this year and said it is set to achieve double-digit growth in container volumes for 2010 over the 2.75 million TEUs handled last year.

Gulftainer climbed from 50th to 39th position on Dynaliners' list of top world terminals last year.

Peter Richards, managing director of the Gulftainer Group, commented: "Despite 2009 being a difficult year for the shipping industry due to the global economic recession, Gulftainer was among the few major terminal operators worldwide to show improved performance and climb through the rankings when most other companies were reporting losses due to a slowdown in trade activity."

Last week, it was reported that the value of Dubai's direct exports grew at an average rate of 14 per cent during the first four months of this year.ADNFCR-2019-ID-19863468-ADNFCR