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 | Umm Qasr Port
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 […]
Tags: Basra Gateway Terminal (BGT), Basra News, featured, International Container Terminal Services Inc (ICTSI), mn, Ports, Umm Qasr, Umm Qasr Port
Iraq Contributes to Strong Results at ICTSI
By John Lee. Shares in Philippines-based International Terminal Container Services Inc. (ICTSI), which operates the Basra Gateway Terminal (BGT) (pictured) at the port of Umm Qasr, have closed up more than 6 percent on Wednesday following a strong set of results. The company said in a statement: "Net income attributable to equity holders of US$128.5 […]
Tags: Basra Gateway Terminal (BGT), featured, International Container Terminal Services Inc (ICTSI), mn, Philippines, Umm Qasr, Umm Qasr Port
Iraq Container Terminal (ICT) has handled 2m TEUs
By John Lee. The Iraq Container Terminal (ICT) at Umm Qasr Port has reportedly handled container traffic of two million twenty-foot equivalent units (TEUs) since operations started less than nine years ago. According to Hellenic Shipping News, the joint venture between UAE-based Gulftainer and the General Company for Ports of Iraq (GCPI) started operations at […]