Dubai-headquartered companies Transworld Group and NAWAH [North America Western Asia Holdings] have announced that the two firms have entered into a formal agreement to service Iraq’s growing demand for imports, linking their considerable shipping, logistics, marine services and port capabilities.
As part of their agreement, Transworld Group and NAWAH Port Management, NAWAH’s port operations business unit, will team up to increase the flow of essential goods coming from the broader Middle East, Indian subcontinent, Far East and Southeast Asia into the historic Port of Basra with seamless linkage to commercial centers throughout Iraq.
Ritesh S. Ramakrishnan, Transworld Group’s director of strategy and business planning, said:
“Iraq stands at such an important moment of time – historically and commercially – and we are keen to play a part in this phase of growth.
“The sheer scale and magnitude of development occurring today in Iraq, along with a growing middle class, requires logistical flows of epic proportions.
"Aligning with NAWAH provides Transworld Group with first-class logistics solutions and unrivaled port operations in Basra and one of the most reliable door-to-door capabilities in Iraq.”
Nicholas Kunesh, NAWAH Port Management’s president and CEO, said:
“Together with Transworld Group’s four decades of shipping experience and NAWAH’s in-depth knowledge and operational capabilities within Iraq, we are confident that we will redefine logistics in the Middle East.
“Through our combined expertise, market reach, state-of-the-art technology and customer-focused shipping and logistics services, we will enable Basra to continue its accelerated march to becoming a key strategic trading center in the Middle East, bridging East and West.”
Transworld Group and NAWAH have already initiated joint cargo movement from Jebel Ali Port to NPM’s Port of Basra terminal with containers from Transworld Group’s Balaji Shipping Lines transiting via NPM’s feeder vessel service into southern Iraq. Containerized and refrigerated cargo volume is forecasted to grow substantially in the next six months.