Gulftainer records 10% increase in 2010 volumes

After a remarkable performance (+10 per cent) in 2009 when container terminals worldwide were dramatically affected by the economic downturn, Sharjah based terminal and logistics company Gulftainer's UAE facilities Khorfakkan Container Terminal (KCT) and Sharjah Container Terminal (SCT) have done it again in 2010 with volumes, compared with 2009, increasing by another 10per cent to just over 3 million teu, (3,022,524).

Gulftainer's Managing Director, Peter Richards said: "We had always hoped that in 2010, we would start to see the world economy beginning its recovery from the major downturn in 2008 and 2009.

The MENA region has weathered the storm rather better than many other areas and it is clear that in 2010 the container shipping industry, trading volumes and regional economies started to look forward once again with more confidence.

KCT continues to be perhaps the world's fastest working container terminal whether dealing with smaller ships, or the leviathans of 13000 teu - which we can accommodate without problems and handle promptly and productively in a location which is optimally located to serve the Gulf and Indian Ocean.

As this area, with the GCC economies and particularly Iraq gathering momentum, and the wider region - India, Pakistan, Africa, accelerating out of the recession, we are confident that our facilities and commitment in KCT, SCT, Ruwais in Abu Dhabi and now Umm Qasr Iraq will be ideally placed to benefit - and to assist those economies of which they are an integral part".

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