Mediterranean Shipping Receives 30-Year Franchise Right of New Port of Khalifa Port
- Author:James
- Source:Hong Kong Shipping
- Release Date:2018-05-11
It was learned that the world’s second largest container liner company, MSC, hasUnited Arab EmiratesThe Abu Dhabi Port Authority has signed a 30-year franchise agreement. Mediterranean Shipping will build a new container terminal at Khalifa Port.
The deal, worth Dh4 billion (about US$1.1 billion), will include the investment of an additional 13 port cranes and will increase the total number of cranes to 25 over the next two years. The project will further deepen the depth of the berths in the port of Khalifa, enabling it to pick up the world's largest container ship.
Overall, the container throughput of the Khalifa Port is expected to increase from 2.5 million TEUs to 5.3 million TEUs in 5 years and ranks among the top 25 container ports in the world.
Sultan Ahmed Al Jaber, Minister of State for the United Arab Emirates and chairman of the Abu Dhabi Port Authority, commented: “The agreement will consolidate the UAE and Abu Dhabi’s status as global trade, shipping and logistics centers. The agreement will also promote the economy through the increase in container traffic. Growth and increased investment.The UAE has achieved success in implementing large-scale infrastructure projects, thanks in large part to the world’s most technologically advanced ports, modern integrated transportation networks, and centers in Asia, Europe, and Africa. The strategic location of the hub."
Mohamed Juma Al Shamisi, chief executive officer of the Abu Dhabi Port Authority, said: "The agreement will provide a variety of strategic benefits to customers of transportation and logistics companies, including faster and more efficient services, and easier access to more markets in the region and globally. ."
It was learned that the world’s second-largest container liner company, MSC, has signed a 30-year franchise agreement with the Abu Dhabi Port Authority of the United Arab Emirates. Mediterranean Shipping will build a new container terminal at Khalifa Port.
The deal, worth Dh4 billion (about US$1.1 billion), will include the investment of an additional 13 port cranes and will increase the total number of cranes to 25 over the next two years. The project will further deepen the depth of the berths in the port of Khalifa, enabling it to pick up the world's largest container ship.
Overall, the container throughput of the Khalifa Port is expected to increase from 2.5 million TEUs to 5.3 million TEUs in 5 years and ranks among the top 25 container ports in the world.
Sultan Ahmed Al Jaber, Minister of State for the United Arab Emirates and chairman of the Abu Dhabi Port Authority, commented: “The agreement will consolidate the UAE and Abu Dhabi’s status as global trade, shipping and logistics centers. The agreement will also promote the economy through the increase in container traffic. Growth and increased investment.The UAE has achieved success in implementing large-scale infrastructure projects, thanks in large part to the world’s most technologically advanced ports, modern integrated transportation networks, and centers in Asia, Europe, and Africa. The strategic location of the hub."
Mohamed Juma Al Shamisi, chief executive officer of the Abu Dhabi Port Authority, said: "The agreement will provide a variety of strategic benefits to customers of transportation and logistics companies, including faster and more efficient services, and easier access to more markets in the region and globally. ."
The deal, worth Dh4 billion (about US$1.1 billion), will include the investment of an additional 13 port cranes and will increase the total number of cranes to 25 over the next two years. The project will further deepen the depth of the berths in the port of Khalifa, enabling it to pick up the world's largest container ship.
Overall, the container throughput of the Khalifa Port is expected to increase from 2.5 million TEUs to 5.3 million TEUs in 5 years and ranks among the top 25 container ports in the world.
Sultan Ahmed Al Jaber, Minister of State for the United Arab Emirates and chairman of the Abu Dhabi Port Authority, commented: “The agreement will consolidate the UAE and Abu Dhabi’s status as global trade, shipping and logistics centers. The agreement will also promote the economy through the increase in container traffic. Growth and increased investment.The UAE has achieved success in implementing large-scale infrastructure projects, thanks in large part to the world’s most technologically advanced ports, modern integrated transportation networks, and centers in Asia, Europe, and Africa. The strategic location of the hub."
Mohamed Juma Al Shamisi, chief executive officer of the Abu Dhabi Port Authority, said: "The agreement will provide a variety of strategic benefits to customers of transportation and logistics companies, including faster and more efficient services, and easier access to more markets in the region and globally. ."
It was learned that the world’s second-largest container liner company, MSC, has signed a 30-year franchise agreement with the Abu Dhabi Port Authority of the United Arab Emirates. Mediterranean Shipping will build a new container terminal at Khalifa Port.
The deal, worth Dh4 billion (about US$1.1 billion), will include the investment of an additional 13 port cranes and will increase the total number of cranes to 25 over the next two years. The project will further deepen the depth of the berths in the port of Khalifa, enabling it to pick up the world's largest container ship.
Overall, the container throughput of the Khalifa Port is expected to increase from 2.5 million TEUs to 5.3 million TEUs in 5 years and ranks among the top 25 container ports in the world.
Sultan Ahmed Al Jaber, Minister of State for the United Arab Emirates and chairman of the Abu Dhabi Port Authority, commented: “The agreement will consolidate the UAE and Abu Dhabi’s status as global trade, shipping and logistics centers. The agreement will also promote the economy through the increase in container traffic. Growth and increased investment.The UAE has achieved success in implementing large-scale infrastructure projects, thanks in large part to the world’s most technologically advanced ports, modern integrated transportation networks, and centers in Asia, Europe, and Africa. The strategic location of the hub."
Mohamed Juma Al Shamisi, chief executive officer of the Abu Dhabi Port Authority, said: "The agreement will provide a variety of strategic benefits to customers of transportation and logistics companies, including faster and more efficient services, and easier access to more markets in the region and globally. ."