By John Lee. Philippines-based port company International Container Terminal Services Inc (ICTSI) is to open a new section of its Umm Qasr port in October. The VP and Head of Asia-Pacific region, Christian Gonzalez, is quoted as saying that the company has allocated $420 million in capital expenditure for 2016, to be used for the […]
By John Lee. Iraq exported its first shipment of liquified flare gas through Umm Qasr port on Saturday. Describing it as an "historical accomplishment and an economic event", Dr. Hamid Y. Salih, the Deputy Minister for the gas industry, said the exported quantity was 2,000 tons, with production now running at 5,000 tons/day. Mr. Simon Diamond, […]
By John Lee. Philippines-based International Container Terminal Services (ICTSI) is investing $130 million in Umm Qasr port, according to a report from Reuters. The Manila-based port management company signed a contract with General Company for Ports of Iraq involving the container facilities at Umm Qasr; it will operate, develop and expand the port. The three-stage […]
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 […]
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 […]
By John Lee. Shell has had discussions with Iraqi Ports Administration regarding the possibility of acquiring a piece of land at the Umm Qasr terminal to build a pier and petrochemical factory. According to Aswat Al Iraq, talks between the two sides were held to discuss the project which shall be administered by the company […]
By Mushreq Abbas for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The truck bomb that exploded on Aug. 17 at dock No. 17 of the Iraqi port of Umm Qasr located on the Arabian Gulf surprised Iraqi political and security circles. Although […]
By John Lee. Reuters reports that an unexplained blast occurred at Umm Qasr commodities port on Saturday. It was not immediately what the cause of the blast was, or whether it had affected imports and exports. The port does not handle crude oil shipments. (Source: Reuters)
The Iraqi port of Umm Qasr received six ships carrying more than 200 thousand tons of rice for the Trade Ministry, on Sunday. “The Ships Apostolos, Patriarch, Alitis, Stellajabbah, Rubystar, and Vero 9 arrived by the port carrying more than 200 thousand tons of rice from U.S., Vietnam, and Thai origins,” the ministry said in […]
