By John Lee. UK-based international law firm Clifford Chance has announced that it has advised International Finance Corporation (IFC) and Japan International Cooperation Agency (JICA) on the US$125 million financing of the development, construction, equipping and operation of both new and existing facilities at the Umm Qasr Port in Iraq. In a press release, the […]
Tag Archives | Umm Qasr Port
Tags: Aloreen Investment, Clifford Chance, featured, International Finance Corporation (IFC), Japan, Japan International Cooperation Agency, JICA, mn, Switzerland, Terminal Investment Limited (TIL), Umm Qasr, Umm Qasr Port
Basra Gateway Terminal achieves New Milestone
By John Lee. Basra Gateway Terminal (BGT) has announced that it has recently handled its three millionth TEU (twenty-foot equivalent unit shipping container). The milestone was achieved during the handling of Evergreen's Ever Uranus and coincided with BGT's seventh year of operations. Basra Gateway Terminal (BGT) is a subsidiary of International Container Terminal Services (ICTSI), which is […]
Tags: Basra Gateway Terminal (BGT), Evergreen, featured, freight, General Company of Iraqi Ports, International Container Terminal Services Inc (ICTSI), mn, Philippines, Ports, Umm Qasr, Umm Qasr Port
Iraqi Port Revenue Surges on Anti-Corruption Move
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 […]
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 […]
Details of PM's New Appointments to Key Institutions
By Michael Knights, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Kadhimi's Rolling Reshuffle (Part 2): Protecting Iraq's Economic Institutions and Borders On September 14, Baghdad announced a range of strategic leadership appointments for institutions tasked […]
Tags: Baghdad Stock Exchange, Central Bank of Iraq (CBI), Commission on Integrity, Dr Mike Knights, featured, Iraq Civil Aviation Authority (ICAA), Iraq Securities Commission (ISC), mn, Mustafa al-Kadhimi, National Investment Commission (NIC), Trade Bank of Iraq (TBI), Umm Qasr Port, Washington Institute for Near East Policy
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
New Power Plant opens in Umm Qasr
A 29 MW gas-fuelled power plant supplied by the technology group Wärtsilä to the Umm Qasr Ports Authority Zone in Basra, Iraq, commenced commercial operations in February. The plant ensures availability of a reliable supply of electricity to the port's operations, which had previously been subject to frequent power interruptions. The Wärtsilä plant was ordered […]
Tags: Al Basra, Butec, Electricity In Iraq, featured, General Company of Iraqi Ports, mn, Prime Metro Power Holdings Corporation, Umm Qasr Port, Wärtsilä
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)
Umm Qasr Port Reopens
By John Lee. Operations have reportedly resumed at Umm Qasr port on Saturday. According to Reuters, all terminals were operating again, having been halted for nearly 10 days by protesters. (Source: Reuters)
Umm Qasr Port hit by Protests
By John Lee. Protesters have reportedly blocked the entrance to Umm Qasr port, near Basra. According to Reuters, port operations were reduced to 20 percent as workers were unable to get to work. (Source: Reuters)
ICTSI builds Umm Qasr Deep-Water Capacity
By Editor on 24th October 2019 in Construction & Engineering In Iraq, Iraq Industry & Trade News, Iraq Transportation News
International Container Terminal Services Inc. (ICTSI) has formally inaugurated two new berths which for the first time offer the port of Umm Qasr, Iraq’s main dry cargo port, the ability to handle container vessels of up to 14,000TEU. The inauguration ceremony marked both the opening for business of the two new berths, Berths 25 and […]