MSC Invests Big in Khalifa Port

Image source: ADP

Abu Dhabi Ports (ADP) yesterday signed a 30 year concession agreement with MSC Mediterranean Shipping Company, a Swiss-based global transportation and logistics firm, to establish a new container terminal at Khalifa Port with a total investment of approximately $1.1 billion.

According to the ADP’s announcement, these developments include an increase in the current 12 ship-to-shore cranes to make a total of 25 of some of the most technologically advanced cranes in the world, over the next two years.

In addition, the berths deepening program will make Khalifa Port the first port in the region capable of receiving the largest shipping vessels in the world that specialize in bulk cargo shipment.

Commenting the latest agreements, His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of State and Chairman of Abu Dhabi Ports, said: “Under the leadership of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, the UAE has made historic strides in both economic and social development, striving to be a leader in the maritime sector, positioning itself on the global economic and trade map.”

The agreement with MSC is yet another remarkable milestone in Abu Dhabi Ports journey and the region as a whole. This agreement comes with multiple strategic benefits to customers and companies working shipping and logistics, including faster and more efficient services, easier access to more markets in the region and the world. In addition to, attracting more foreign direct investment to Abu Dhabi and the region, especially in the Khalifa Industrial City and KPFTZ, the largest of its kind in the Middle East,” added Captain Mohamed Juma Al Shamisi, ADP Chief Executive Officer.

MSC plans to gradually shift some of its container handling in the region to Khalifa Port, starting July 2018. This is set to increase Khalifa Port’s capacity from 2.5m TEUs in 2017 to 5.3m TEUs by 2020, making it one of the top 25 ports worldwide in handling containers, beginning of next year.

 

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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