The latest Umm Qasr Business News – new Kuwaiti port, Mubarak, Umm Qasr, Iraq – Kuwait / Iraq disputes and more – brought to you by Iraq Business
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 […]
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 […]
By John Lee. Philippines-based International Terminal Container Services Inc. (ICTSI) has reportedly allocated additional funds for capacity expansion at its Basra Gateway Terminal (BGT) at the Port of Umm Qasr. Rafael Consing, ICTSI chief financial officer, is quoted by the Philippine Daily Inquirer as saying that this year’s capex budget of $380 million will be […]
APL has announced that the Gulf Asia Express 2 (GA2) service will soon be calling the port of Umm Qasr. The service will also make a second call to Jebel Ali during the return leg of its service rotation to Asia. These developments demonstrate APL’s commitment to continuously provide market connectivity between the Far East […]
Basra Multi-purpose Terminal (BMT), the largest multi-purpose port facility in Iraq, announces a major development in the Port of Umm Qasr. Marking a significant expansion to their existing facilities, BMT will be increasing their total investment in Umm Qasr Port to over USD 200 million, aimed to further advance the port in the international trade […]
Japan's Mitsubishi Corporation has been awarded a contract for port construction in the Republic of Iraq. Extended by the General Company for Ports of Iraq (GCPI), the contract covers a port rehabilitation project in the country’s southern region of Basra, and is valued at approximately 110 million US dollars. The project is being funded through […]
The Iraq Britain Business Council (IBBC) has announced that Basra Gateway Terminal (BGT) has joined the Council. BGT is one of Iraq’s premier container and multi-purpose cargo handling facility, with a team of high-performing Iraqi and International port professionals who deliver customer-focused, high productivity and congestion-free port services to Iraq’s economy. Situated in Umm Qasr, […]
A customised Damen cutter suction dredger, type CSD500, has been named by her owner, Basra Gateway Terminal (BGT), at the Damen Dredging yard in the Netherlands. Immediately after the ceremony, the dredger was made ready for transport and towed to Rotterdam, from where it was shipped to Port of Umm Qasr, Iraq. The dredger’s first […]
By John Lee. Philippines-based International Container Terminal Services, Inc. (ICTSI) has started its second phase investment in new container terminal infrastructure well underway at its Basra Gateway Terminal (BGT) at the Port of Umm Qasr. The company said in a statement: ICTSI is unique in demonstrating its commitment to the Iraqi ports sector via large […]
By John Lee. Russia has reportedly begun delivering T-90 tanks to the Iraqi military. According to Almasdar News, 73 of the tanks are scheduled to arrive to Umm Qasr Port this year. The T-90 is a third-generation Russian battle tank that entered service in 1993. (Source: Almasdar News)
By John Lee. Al-Iraqia Shipping Services & Oil Trading (AISSOT) has announced it will start bunkering operations at several Iraqi ports, with a focus on Basra, Khor Al-Zubair and Umm Qasr. According to a report from Ship and Bunker, the company -- a joint-venture company of Iraqi Oil Tankers Company (IOTC) and Arab Maritime Petroleum […]
By John Lee. Swiftships LLC has been awarded a $27,402,593 firm-fixed-price modification to a previously awarded contract (N00024-14-C-4217) for the accomplishment of continuous lifecycle support for the Iraqi Navy. The contractor will provide technical expertise in preventative and planned maintenance, emergent repairs and platform overhaul support services for Iraqi patrol boats, offshore vessels, and defender […]
