So­har Port breaks con­tainer through­put record

Muscat Daily - - BUSINESS -

Mus­cat – So­har Port and Free­zone re­leased new fig­ures show­ing a solid growth in the first half of 2017, as both the port and free­zone con­tinue to play a cru­cial role in the di­ver­si­fi­ca­tion and glob­al­i­sa­tion of Oman’s econ­omy.

De­spite on­go­ing is­sues in the mar­itime in­dus­try and the con­tin­ued lull in global oil prices, con­tainer vol­umes in sec­ond quar­ter of 2017 grew 11 per cent from the same quar­ter last year, as So­har Port and Free­zone emerges as one of the re­gion’s prime lo­gis­ti­cal hubs, ac­cord­ing to a press re­lease.

Con­tainer through­put at the Hutchi­son-man­aged ter­mi­nal grew three­fold over the past five years, in line with sig­nif­i­cant in­vest­ments to in­crease ef­fi­ciency to the high­est in­ter­na­tional stan­dards.

Dry bulk cargo also grew sig­nif­i­cantly at So­har Port in the first half of 2017, up by 24 per cent in com­par­i­son to the first six months of last year. Liq­uid bulk, gen­eral and project cargo fig­ures were down slightly com­pared to 2016. How­ever, the port has ex­ceeded 1mn tonnes of sea cargo each week, a sig­nif­i­cant thresh­old that the Omani lo­gis­ti­cal hub crossed at the end of 2016 for the first time.

Mark Geilenkirchen, CEO of So­har Port, said, “So­har is play­ing an im­por­tant role in the di­ver­si­fi­ca­tion of Oman’s econ­omy as we start to take full ad­van­tage of our prime strate­gic lo­ca­tion in the re­gion, out­side the Strait of Hor­muz but close to the main con­sumer mar­kets of Iran and the Gulf States.”

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