Sharjah Container Terminal surpasses 4k TEUs in 2014

Gulftainer, which operates and manages ports and logistics businesses in several countries, said Sharjah Container Terminal (SCT) recorded double-digit growth compared to last year’s volumes, surpassing 400,000 TEUs (twenty foot equivalent units) in annual throughput during 2014.

The strong performance of the Sharjah economy has supported the growth of Sharjah Container Terminal.

SCT’s figures have been further boosted with the arrival of new services throughout the year, including UASC’s Gulf India Service (GIS1), which now connects Sharjah with Sohar in Oman, Mundra in India and Karachi in Pakistan, which has boosted in the national carrier’s volumes through SCT in November and December.

Gulftainer’s current portfolio covers UAE operations in Khorfakkan Port and Port Khalid in Sharjah as well as activities at Umm Qasr in Iraq, Recife in Brazil, Jeddah and Jubail in Saudi Arabia and in Tripoli Port in Lebanon, which will be operational in April 2016. It also marked another milestone in 2014 with its expansion to the US by signing a long-term agreement to operate the container and multi-cargo terminal at Port Canaveral in Florida.

With a current handling activity of over 6 million TEUs, the company has set an ambitious target to triple the volume over the next decade through organic growth across existing businesses, exploring green field opportunities and potential M&A activities.

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