KAEC — King Abdullah Port announced the increase of its annual throughput to 1.4 million TEU by the end of 2016, representing an increase of around 8% compared to 2015. The annual throughput increase comes despite the challenges facing the markets and the slowdown of global economic growth.
In addition, King Abdullah Port announced receiving 729 vessels in 2016 compared to 637 vessels in 2015.
With the completion of the infrastructure works for Berth 5 and Berth 6, the King Abdullah Port’s annual capacity increases to 4 million TEU after making preparations and operation of the two new berths that will begin in 2017, providing greater competitiveness and further access to the most important trade capitals in the region and the world.
“King Abdullah Port is looking forward to a bright future and is taking steady steps toward becoming a prime East-West hub on the main trade route between Asia and Europe, especially that around 30% of world trade volume, apart from crude oil and petroleum products, pass through the Red Sea,” said Eng. Abdullah Hameedadin, Managing Director of the Ports Development Company, owner and developer of King Abdullah Port. “The completion of construction of the two new berths is part of the strategic expansion plans aiming at increasing the capacity and strengthening the port’s position on the regional and global maritime map, which confirms the important role expected from King Abdullah Port and the private sector in general to contribute to achieving Saudi Vision 2030,” he added.
The management of King Abdullah Port expects the completion of the first phase of bulk cargo terminals with a capacity of three million tons, in addition to the RORO (roll-on/roll-off) terminals with a capacity of 300,000 CEU to be ready this year. This comes after King Abdullah Port had previously signed an agreement with NYK Group, the leading automotive shipping line and logistics provider, for operating the RORO terminal.
© The Saudi Gazette 2017
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