Abu Dhabi Ports sees H1 box volumes surge 82.4pc to 1.1 million TEU
ABU Dhabi Port's container volumes skyrocketed 82
ABU Dhabi Port's container volumes skyrocketed 82.4 per cent in the first half of the year, thanks to deals it signed with international companies in 2018.
Khalifa port handled 1.1 million TEU containers in the first six months of the year, up from 620,974 TEU in the prior-year period. The growth was mainly driven by concession agreements inked last year with maritime firms, including Mediterranean Shipping Company (MSC) and Cosco Shipping Ports (CSP), reported The National, Abu Dhabi.
Abu Dhabi Ports said total cargo handled across its ports - which include Fujairah Terminals, Zayed port and Mussafah port - rose by 10 per cent year on year to 9.7 million tonnes over the reporting period.
The company recorded a slight drop in roll-on/roll-off figures, from 78,163 units in the first half of 2018 to 73,590 unit this year, which it attributed to a decline in new car sales.
'Despite a challenging international environment for the trade and logistics sectors in recent years, our industry continues to grow,' Abu Dhabi Ports chairman Mohammad Al Ahbabi was quoted as saying. 'Our strategy to collaborate with some of the world's top industry players is proving to be a huge success.'
The emirate's tie-ups with major players such as Cosco is part of Abu Dhabi's strategy to boost its trade sector and contribute to the growth of its non-oil economy as it looks to diversify from oil.