Shipping industry growth to continue for a decade says Oman authority
Posted: 30 August 2004
Salalah port in us$ 249m expansion to meet demand
Management at Oman’s Port of Salalah is predicting a boom in the region’s shipping industry over the next decade.
Both port management and authority have invested US$ 249 million in two new berths and a 2.5 km breakwater that will be completed early in 2006. In June, the port also won a two year management contract for Jordan’s Red Sea Aqaba Container Terminal.
Since the end of the war in Iraq, business at Aqaba has grown steadily as reconstruction and aid materials transit through the port. Tonnage in the first four months of the year is up 28 per cent on 2003 at 6.5 million tons.
Jack Helton, Chief Executive Officer and General Manager of Salalah Port, said: “We are looking at strong growth across the Gulf, Red Sea, East Africa and the Indian Subcontinent. Over the next ten years we will see more container traffic, larger vessels, more cruise vessels and the emergence of more free zones.
“The shipping industry globally, and particularly in the Middle East, is booming and we expect that to continue for some time to come.”
The Port of Salalah will be promoting its services and those of its Aqaba operation to the region’s shipping industry at Seatrade Middle East Maritime, which will run from December 6 – 8 at the Dubai World Trade Centre.
Helton added: “We are going through a period of rapid expansion and we want the industry to be fully informed about what we offer. Since taking over the management of Aqaba Container Terminal, Iraqi cargo has become very important to us.”
Seatrade has attracted exhibitors from 19 countries so far and growth in the Middle East shipping industry has created increased demand for the region’s leading maritime industry event.
Chris Hayman, Managing Director, Seatrade, said: “All the major regional ports are benefiting from the upturn in business and last year saw an increase in tonnage over 2002 despite the disruption to the industry caused by the Iraqi conflict.
“Every aspect of the region’s maritime industry from ports, to suppliers and insurance, are seeing growth and that has increased support for Seatrade Middle East Maritime 2004 which will be three times the size of last year.”
As well as the exhibition, Seatrade will feature four distinct conference streams – General Shipping, the Dubai Commodities Conference (organised in association with Dubai Metals & Commodities Centre), the fourth Seatrade Middle East Cruise Conference, and a one-day conference on the expanding SuperYacht market in the region.
Seatrade Middle East Maritime is being held under the patronage of His Highness General Sheikh Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and UAE Defence Minister. The event is sponsored by Dubai Maritime City; Dubai Ports Authority; Government of Dubai Department of Tourism & Commerce Marketing; Gulf Energy Maritime PJSC (GEM); and Islamic Republic of Iran Shipping Lines (IRISL).
Other sponsors include Aalborg Industries A/S (Dubai branch); Aqua Group; Arabian Adventures; British Airways; Castrol Marine; Clyde & Co; HSBC; Instone International; Lloyd’s Register; Maritime London; Net Cruises; Nico International; Norton Rose; Scan-Trans Chartering LLC; and Sharaf Shipping Agency LLC.
Supporters of the event include Dubai Chamber of Commerce & Industry; Dubai Shipping Agents Association; National Association of Freight Logistics; Indian National Shipowners’ Association; the Nautical Institute UAE Branch and UAE National Ship Suppliers’ Association.
For more information see www.seatrade-middleeast.com
Posted by Richard Price,
Editor Pipeline Magazine
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