In another sign of Iraq’s continued, swift, steady progress, Iraq’s ports reported record profits exceeding 46bn dinars, according to Aknews. This is an increase of 10% compared to last year.
Anmar al Safi, a director of the Iraqi Ports Public Company, said: “The rate of cargo dump increased 100,000 tonnes from 2009.”
No doubt shipping imports and profits will be a lot higher once some practical issues are resolved. The key problems are a lack of deep waterways and infrastructural issues that inhibit safe navigation. Lack of equipment to scan cargo and government departments failing to work together are also issues.
However, improvements are happening. Belgium company Jandinol has increased the depth of one port already by removing some sunken ships at the ports, making it easier for larger vessels to navigate. It is continuing the operations. At the moment it lacks a long list of equipment that would make the job easier, but it expects to have this soon.
Shipping will also improve further if the stalled Al Faw Grand Port project (pictured) continues.