Gulftainer records 14 per cent year-on-year growth in SCT

Sharjah Container Terminal 1The port is reportedly a popular choice for shipping lines as it offers a flexible and cost-efficient alternative to access the UAE. (Image source: Gulftainer)Gulftainer has announced a 14 per cent year-on-year growth in container volumes in the first six months of 2014 at Sharjah Container Terminal (SCT) in the UAE

The growth in volume was driven, in part, by the UAE-East Africa trade route, and new projects and developments in Sharjah, the company said.

SCT signed more than 20 new consignees and organically grew its market share during the first half of the year, it added.

The company has also recently signed a 35-year concession with the Canaveral Port Authority in Florida marking Gulftainer’s first venture in the USA.

Peter Richards, managing director of Gulftainer, said, “The positive performance of SCT is led by the improved trade climate, specifically between the UAE and African nations. The port continues to be a popular choice for shipping lines as it offers a flexible and cost-efficient alternative to access the UAE.

“The terminal has been growing at a fast pace recording a sustained increase in cargo volumes over the last 12 months. SCT is well-positioned to meet the growth in traffic and will continue to maintain its high productivity standards by ensuring our customers have an efficient and quick turnaround of services at the port.”

To enhance existing customs procedures and to ensure a more rapid and seamless movement of containers through the port, SCT has also introduced an online application system to automate information exchange between the Sharjah Ports Authority, customs and Gulftainer. The new feature has helped to reduce delivery times for consignees.

Gulftainer’s current portfolio covers four UAE operations in Khorfakkan, Sharjah, Hamriyah and Ruwais, as well as activities at Umm Qasr in Iraq, Recife in Brazil, Tripoli Port in Lebanon and Saudi Arabia where it manages container terminals in Jeddah and Jubail.

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