Ports and Terminals

MSC and Abu Dhabi form Joint Venture to Develop Khalifa Port

MSC and Abu Dhabi form Joint Venture to Develop Khalifa Port
Logistics Manager

It was recently announced that the Mediterranean Shipping Company (MSC) has signed a new joint-venture including concession agreements with Abu Dhabi Ports for the continued development of container handling at Khalifa Port.

A subsidiary of MSC, Terminal Investment Ltd was in attendance during the signing ceremony held on the 7th May 2018. The ceremony also highlighted the potential growth of the Abu Dhabi cargo shipping hub, emphasizing on MSC’s continuous support in the development of the United Arab Emirates maritime industry and economy.

MSC has been operating in the United Arab Emirates for over 20 years and this new Joint Venture is seen as a natural and logical progression.

MSC first called to Abu Dhabi’s Mina Zayed Port in 2008, since then cargo volumes have continued to rise. Khalifa Port took over operations in 2012 with MSC BARI, a 14,000 TEU vessel making the inaugural call.

Over the next five years, Khalifa Port is expected to increase volume to more than 8 million TEUs per year, a substantial increase on the current 2.5 million TEUs of cargo a year. The port will receive more ship-to-shore cranes and deeper berths resulting in it becoming one of the fastest-growing and most technologically-advanced ports in the Gulf region.

An investment of AED 4 billion ($1.1 billion) over the coming years will further benefit the port.

More in Ports and Terminals

MSC Invests in the Lousado Terminal in Portugal

MSC Invests in the Lousado Rail Terminal in Portugal

Logistics ManagerFebruary 13, 2019
The Port of New Orleans Breaks Container Record

The Port of New Orleans Breaks Container Record

Logistics ManagerJanuary 28, 2019
Atakas Port Orders Additional Konecranes Mobile Cranes

Atakas Port Orders Additional Konecranes Mobile Cranes

Logistics ManagerJanuary 16, 2019
COSCO Shipping and Abu Dhabi Ports Inaugurate New Terminal at Khalifa Port

COSCO Shipping and Abu Dhabi Ports Inaugurate New Terminal at Khalifa Port

Logistics ManagerDecember 19, 2018
DP World Sign Joint Venture with SMS Group to Revolutionize Port Logistics

DP World Sign Joint Venture with SMS Group to Revolutionize Port Logistics

Logistics ManagerDecember 19, 2018
MSC and Traxens Launch Pilot IoT Project at Port of Valencia

MSC and Traxens Launch Pilot IoT Project at Port of Valencia

Logistics ManagerDecember 18, 2018
The Georgia Ports Authority TEU Growth Continues

The Georgia Ports Authority TEU Growth Continues

Logistics ManagerDecember 13, 2018
Port of Rotterdam Authority Launch Blockchain Pilot with ABN AMRO and Samsung SDS

Port of Rotterdam Authority Launch Blockchain Pilot

Logistics ManagerNovember 12, 2018
Sustainability via Mass-Recycling Go Green Initiative Promoted by Leading Port Groups

Sustainability via Mass-Recycling Go Green Initiative Promoted by Leading Port Groups

Logistics ManagerNovember 5, 2018
LM is the leading source of logistics and cargo news within ASEAN and is regarded as one of the most authoritative sources of information. Our subscribers keep up to date with the latest logistics news, views, features and events within ASEAN and beyond.
AFL Real Logo

Airfreight Logistics is the air cargo professional’s number one provider of news and information in ASEAN and around the World. To keep abreast of all the latest news and for in-depth features visit our website www.airfreight-logistics.com

UpMedio

Subscribe to our newsletter!

© 2015 Logistics Manager | About Us | Advertise | Subscribe | Contact | thai Thai Version