The latest news on Iraq’s ports – security, tenders, Kuwait new port & competition and more – brought to you by Iraq Business News
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 […]
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 […]
By John Lee. Iraq is reportedly planning to sell shares in the $1.3-billion Grand Faw container port to the public. The head of the Basra provincial council, Sabah Al-Bazooni, told Bloomberg Business that the local government in Basra will seek permission from Baghdad in the coming days to set up a holding company to sell the […]
Terex Port Solutions (TPS) has received an order from a subsidiary of International Container Terminal Services, Inc. (ICTSI) in Iraq for two Terex ship-to-shore cranes (STS) and three Terex rubber-tyred gantry cranes (RTG). With this order including comprehensive services, TPS and ICTSI, a leading global port operator, are writing the next chapter in the history […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. An Evil Plot? Iraq's Most Industry-Savvy Province Refuses to Impose Baghdad's New Customs Tax A new customs tax came into effect in August. But in Basra, one of Iraq's busiest […]
By John Lee. Italian dredger builder Italdraghe and its consortium partner CPN are building three dredgers for the Iraqi Ministry of Water Resources. Work is already well underway on one Italdraghe SGT 400 D (pictured) and two Italdraghe SGT 300 RB diesel cutter suction dredgers, all designed specifically for the Ministry’s river, sea and dam […]
By Shukur Khilkhal for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The war against terrorism and a decrease in oil prices resulted in Iraq running a deficit in its 2015 budget. This has been accompanied by tensions in Iraq and neighboring countries […]
Ministry of Transport has announce the investment opportunity of constructing the Major Port of Faw (Al Faw Grand Port) according to investment law No. 13 for the year 2006, amended and its regulations. DESCRIPTION Project location: Faw Peninsula, Abdullah Khor beach, South of Iraq Project total area: 40 thousand donum Port area: 54 KM² Designed […]
By John Lee. During a visit to Basra, the Iranian Transport Minister, Abbas Akhwandi, has signed a Memorandum of Understanding (MoU) with the Governor of Basra, Majid al-Nasrawi, to lift sunken ships in the Shaat al-Arab waterway. According to a report from AIN, the two also laid the corner stone for a railway project linking […]
By John Lee. Iraq's Transport Minister has said that companies from the UAE, Iran, Turkey and China have offered to invest $7.4 billion dollars (8.6 trillion Iraqi dinars) for the development of the Grand Faw (Grand Fao) port project. Baqir Al Zubeidi told al-Forat news agency that the investment would cover the construction of quays […]
By John Lee. Iraq has reportedly invited global investors to bid for its multi-billion-dollar Grand Faw port project. The Ministry of Transport put the project’s total cost at around $6.5 billion (7.6 trillion Iraqi dinars), adding that only "serious and financially able" companies can bid. The port has a planned capacity of around 99 million […]
By John Lee. Basra Gateway Terminal (BGT) announced on Thursday that its operations at the Port of Umm Qasr are now fully operational. BGT chief executive Phillip Marsham said in a statement: “We are attracting plenty of interest from container lines and have enjoyed a good pace of cargo buildup since we opened the doors […]
