By Shelly Kittleson, for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqi port revenue surges as anti-corruption move bears fruit Iraq's key Umm Qasr Port has been positively affected by measures to reduce corruption, leading to a massive revenue increase […]
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
Daewoo signs $2.6bn Iraq Port Deal
By John Lee. Iraq's Ministry of Transport has signed a contract with Korea's Daewoo to complete five infrastructure projects at the Grand Faw port. The contract includes the construction of a 14-kilometer navigation channel extending to the sea, the basin for the ships that will dock at the port, and an underwater tunnel, which is […]
Tags: Daewoo, Daewoo Construction, GCPI, General Company of Iraqi Ports, Grand Fao, Grand Faw, Infrastructure, korea, Ports, South Korea
Daewoo in $2.6bn Iraq Port Deal
By John Lee. The Iraqi cabinet has authorised the Director General of the General Company of Iraqi Ports to sign a contract with the South Korean company Daewoo to construct the first phase of the Al-Faw Great Port project in Basra. The project will be supervised by the Italian consulting company Technital. Reuters reports that […]
Tags: Al Fao, Al Faw, Al Faw Grand Port, Daewoo, Daewoo Construction, featured, General Company of Iraqi Ports, Grand Fao, Italy, korea, mn, Ports, South Korea, Technital
New Shipping Service between Umm Qasr and Oman
By John Lee. ASYAD Group has announced that it has launched the first shipping line between Oman ports (Salalah, Duqm, Sohar) and Iraq's Umm Qasr Port. According to the company, the new weekly service will open up new investment opportunities between Oman and Iraq, and provide options for import and export between the two countries […]
Al-Faw Port Project's Endless Delays
By Azhar Al-Ruabie for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraq's al-Faw port project's endless delays Although 10 years have passed since the Iraqi government started laying the groundwork for the al-Faw grand port in southern Iraq, the project is still far […]
Iraqi Ports, Airports Checked for Dangerous Materials
By John Lee. Iraq's Minister for Transport, Nasir Hussein Bander Hamad [Nasser Hussein Al-Shibli], has instructed the General Company for Iraqi Airways to begin inspecting all shipments stored in its warehouses to ensure that they are free of explosive materials. Earlier, the Minister gave the General Company for Ports of Iraq (GCPI) 72 hours to […]
Tags: featured, General Company for Iraqi Airways, General Company of Iraqi Ports, Iraqi Airways, mn, Ports
China acquires Stake in Umm Qasr Terminal
By John Lee. French container transportation and shipping company CMA CGM, has announced the first closing of its agreement with China Merchants Port (CMP), with the sale of its stakes in eight port terminals to Terminal Link. Among the facilities involved is the Umm Qasr Terminal in Iraq. The Terminal Link joint venture was created […]
Tags: Belt and Road Initiative (BRI), China, China Merchants Holdings International, CMA, CMA CGM, featured, France, mn, One Belt One Road (OBOR), Ports, Terminal Link, Umm Qasr Port
Sharp Increase in Container Traffic via Aqaba to Iraq
By John Lee. Aqaba Container Terminal (ACT) has reported that its strategy to promote Aqaba as a gateway to Iraq and the wider Levant has delivered "a sharp increase in containers to Iraq (up 367% compared to previous year), and thus contributed to the positive results recorded for the past few months". The Founder and […]
Tags: Aqaba, Aqaba Container Terminal (ACT), DJ, featured, Jordan, mn, Nile International Freight Services, Ports
Is Al Faw Port Project Really Necessary
By Editor on 20th February 2020 in Construction & Engineering In Iraq, Iraq Public Works News, Iraq Transportation News, Politics
By John Lee. An article for Port Strategy has questioned whether Iraq’s huge Al Faw port project is it really necessary, or is just a 'rice bowl' for a select few enabled by dysfunctional government? "It appears to be a text book case study in a government and civil society short on technical and commercial […]
Umm Qasr Port Reopened
By John Lee. The entrance to Umm Qasr port has reportedly been reopened on Friday after security forces dispersed protesters. According to Reuters, the port had been blockaded since Monday. (Source: Reuters)
Iraqi Protesters Block Major Port
By John Lee. Protesters in Iraq have reportedly blocked the country’s second-largest commercial port on Tuesday. According to Fox News, they halted operations at the Khor al-Zubair port as oil tankers and other trucks were unable to enter or exit. They have also obstructed access to Umm Qasr port. (Source: Fox News)
Damen delivers Tugs for Iraqi Ports
By Editor on 6th November 2019 in Construction & Engineering In Iraq, Iraq Industry & Trade News, Iraq Transportation News
On 20th October, a handover ceremony was held at Albwardy Damen, in Sharjah, UAE, marking Damen’s delivery of thirteen tugs to Jawar Al Khaleej Shipping. The tugs will be operated at various offshore terminals in Iraq, in a joint cooperation between Jawar Al Khaleej Shipping and General Company for Ports of Iraq (GCPI). The contract for […]