Throughput optimism for Gulftainer

Gulftainer expects an increase in throughput of more than 30 per cent this year as its acquisition adds extra cargo volume through its ports.

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Gulftainer expects an increase in throughput of more than 30 per cent this year as its latest acquisition adds extra cargo volume through its ports.

While Gulftainer is predicting bullish growth, recent industry trends suggest a tough year ahead for port managers elsewhere.

The Drewry Global Throughput Index, which is published with a two-month lag, is highlighting that the market as a whole has continued to stay almost at last year's levels

"The benefit of being privately owned allows the Gulftainer Group to be nimble and react to changing market conditions," said Peter Richards, Gulftainer's managing director.

"Our throughput in 2013 will see an increase of over 30 per cent as a result of strategic acquisitions and a very hands-on management team that keep close to our customers to understand and prepare for changes."

The Sharjah-based port management and logistics group expects rapidly developing petrochemical industries to offset any reduced import volumes, it said in a statement.

Gulftainer acquired a 51 per cent stake in Gulf Stevedoring Contracting Company in June, assuming the full management of three Saudi terminals, located in Jeddah and Jubail.

Gulftainer Group operates three UAE ports - two on behalf of the Sharjah Port Authority and one in Ruwais, Abu Dhabi, on behalf of Borouge, the plastics solutions company.