Tag Archives | Ports

The latest news on Iraq’s ports – security, tenders, Kuwait new port & competition and more – brought to you by Iraq Business News

Hutchison Ports Partnering with Iraq Terminal Operator

Hutchison Ports and the Pritzker Family Business Interests (“PFBI”), advised by The Pritzker Organization, L.L.C. (“TPO”), announced today that the leading Hong Kong-based port operator has agreed to partner with NAWAH Port Management, L.L.C. (“NPM”) to manage existing and future operations at the historic Port of Basra in southern Iraq. Hutchison Ports will assume oversight […]

Iraq receives its Largest Container Vessel

By John Lee. The largest container vessel to call at an Iraqi port has been unloaded at Gulftainer’s Iraq Container Terminal (ICT) earlier this month. According to TradeArabia, the YM Wealth, owned by Taiwan-based Yang Ming Marine Transport Corporation, discharged and loaded over 2,500 containers. The shipping line shows the 68,616-ton vessel as having been […]

ICTSI Ramps Up Business at Umm Qasr

By John Lee. Philippines-based International Container Terminal Services Inc. (ICTSI) has said it has increased its volumes by 12 percent over the past year, mainly due to the continuing volume ramp-up at its terminal at Umm Qasr port. The company inaugurated the first phase of its $130-million greenfield port development at Basra Gateway Terminal (BGT) […]

ICTSI Opens First Phase of Basra Gateway Terminal

By John Lee. International Container Terminal Services (ICTSI) has officially inaugurated the first phase of its new $130-million greenfield port development at Basra Gateway Terminal (BGT) in Umm Qasr. Iraq’s Minister of Transport, Kadhem Finjan al-Hamami, attended the ceremony along with ICTSI chairman and president, Enrique K. Razon Jr. The Philippines-based company signed a 26-year concession […]

Foster Wheeler to Boost Iraq Oil Export Capacity

By John Lee. Iraq’s Ministry of Oil has agreed with Foster Wheeler to cooperate on implementing projects of increase oil storage and export capacity. At a meeting with representatives of the company, Mr. Fayadh H. Niema, the Senior Deputy Minister of Oil, said that the ministry is keen to develop and update the “exportation, reservation, […]

Umm Qasr Port hits 10m TEU Milestone

By John Lee. UAE-based Gulftainer has said that its Umm Qasr Logistics Centre marked a significant milestone, notching up one million TEUs handled over a five-year period since the commencement of operations in 2010. Flemming Dalgaard, CEO, Gulftainer, said: “Gulftainer is currently on a growth path to expand organically as well as through leveraging new […]

New Import Tariffs Causing Port Chaos

By John Lee. A new 30-percent customs tariff in Iraq is reported to be slowing business at the port of Umm Qasr (pictured), which handles 80 percent of the country’s imports, choking the port with thousands of uncollected cargo containers. But according to the report from Reuters, the new rate does not apply in Iraqi […]