News

In Brief

October 2012

Firms to write master plans

Saudi Ports Authority has signed two contracts with WS Atkins & Partners Overseas Engineering Investments and the German Agency for International Cooperation (GIZ) to develop master plans for key Saudi ports.

The first contract is for the development of master plans for King Abdul Aziz Port in Dammam and Jubail Commercial Port with W S Atkins & Partners Overseas Engineering Investments for a total amount of $2.49 million. The duration of the contract is eight months.

The second deal is for the development of master plans for Jazan, Dhiba and Yanbu commercial ports with the German Agency for International Cooperation (GIZ) for a total amount of $2.3 million. The duration of the contract is eight months.

 

Operator opts out of port

DP World has divested its entire interest in Dubai-Aden Port Development Company (DAPDC) to Yemen Gulf of Aden Ports Corporation (YGAPC), the global operator announced.

Under an agreement, it will cease its management of Aden Container Terminal (ACT).

Aden Port Development Company, a wholly owned subsidiary of YGAPC, will take full responsibility of the port’s operations.

Meanwhile DP World in Belgium has divested all 60 per cent of its shares in DP World Break-bulk NV and Projects NV to Oriental NV as part of a restructuring move. The value of the gross assets being disposed of is $61 million.

 

Rental container fleet up

Drewry Maritime Research’s latest Container Leasing Industry report indicates that the rental container fleet grew by 10.6 per cent during 2011, improving on the 9 per cent returned in 2010 and giving a compounded rate of 9.5 per cent for the two years combined.

 

TNT goes round the clock

TNT Express, a leading express delivery company, in Saudi Arabia, Jordan, Kuwait and Bahrain has upgraded its customer contact centre making it now available around the clock, every day of the week.




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