Live Currency Rates
 
  Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

UAE- DP World marks handling of 100 million containers in 10 years  Join our daily free Newsletter

MENAFN - Emirates News Agency (WAM) - 05/02/2013

No. of Ratings : 0
Add to Mixx!


 


(MENAFN - Emirates News Agency (WAM)) DP World today celebrated milestone achievement in its history when its Dubai ports handled the 100 millionth container to pass through UAE Region terminals in ten years.

DP World Chairman Sultan Ahmed bin Sulayem said, the feat was made possible by the high level of support the company has received from Dubai's leadership, loyal customers, stakeholders and committed employees.

The 100 million TEU record was achieved between January 2003 and January 2013 and covers all container boxes handled in both Mina Rashid and Jebel Ali Port. DP World, UAE Region's annual container throughput increased more than 150 per cent over the decade, from around five million TEU in 2003 to 13.3 million TEU in 2012.

In all, the two container ports have handled 135 million TEU since the opening of Jebel Ali Port in 1979, around 75 per cent of it since 2003.

In a recognition of the crucial roles they have played in DP World's success story, members of the DP World Alumni Network were invited as special guests to celebrations at Jebel Ali Port where the Chairman unveiled a container box painted in company colours, in the presence of senior officials, including Vice Chairman Jamal Majid bin Thaniah, Group Chief Executive Officer Mohammed Sharaf, and Senior Vice President and Managing Director of DP World, UAE Region Mohammed Al Muallem - all of whom have played pivotal leadership roles in the company's emergence as the third largest global marine terminal operator.

Sultan Ahmed bin Sulayem, Chairman, DP World, said: "DP World owes its success to the vision and support of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, the UAE Vice President and Prime Minister and Ruler of Dubai. Our flagship facility Jebel Ali is counted among the crown jewels of Dubai's economy. We remain committed to supporting Dubai's unparalleled position as the region's commercial hub.

The proud moment of seeing our 100 millionth container was possible because of the support of our loyal customers and employees, both former and present." For his part, Jamal Majid bin Thaniah, Vice Chairman, DP World, said: "DP World's journey to the top ranks of the global marine terminal business is anchored in Dubai's long sea-faring traditions. The past decade is a golden period in our history during which we supported economic development in Dubai, the UAE and the rest of the GCC. DP World remains committed to continuing its pivotal role as a supply chain catalyst and strengthening Dubai's position as the region's premier commercial hub." Mohammed Sharaf, Group Chief Executive Officer, DP World, said: "Handling 100 million containers in 10 years is a remarkable feat for a port by any measure and we firmly believe it was enabled by decades of hard work and commitment of our employees, including former employees represented by the DP World Alumni Network, who struggled against great odds to build a truly global company. Special thanks go to our customers who have consistently found value in our services and have travelled with us on our journey. Together, they have raised the bar for the coming decade that we hope DP World, UAE Region will strive to exceed." Mohammed Al Muallem, Senior Vice President and Managing Director, DP World, UAE Region, said: "DP World has consistently kept pace with the emerging demands of its customers and delivered efficiencies in cost and time. Our on-going plans to increase capacity by 5 million TEU to reach 19 million TEU by 2014 at Jebel Ali is in line with our growth strategy to provide quality services when and where customers need them. Our ability to handle the growth in volumes over the past decade was made possible by the dedication and team work of our UAE Region managers and employees. We thank them for it." The expansion work currently underway at Jebel Ali includes adding 1 million TEU in new capacity to Container Terminal 2 (T2) during the first half of this year and the development of a 4 million TEU capacity mega Container Terminal 3 (T3) by 2014. When the expansion work is complete, Jebel Ali Port will be able to handle ten of the next generation 18,000 TEU mega vessels at the same time - the only port in the region able to do so.

Dubai's modern port industry goes back to 1969 when the late Ruler, Sheikh Rashid Bin Saeed Al Maktoum gave instructions for a four-berth deep-water harbour to be constructed close to the mouth of Dubai Creek. By 1978, with a capacity of 1,500,000 TEU, the number of berths at Mina Rashid was increased to 35.

Encouraged by the market's response, Sheikh Rashid launched an even more ambitious project. When opened in 1979, Jebel Ali Port was ranked the world's largest man-made harbour.

In May 1991, Dubai Ports Authority (DPA) was established to manage both Mina Rashid and Jebel Ali Port. The merger led to a dramatic increase in throughput, exceeding one million TEU per annum for the first time. DPA and DPI was merged in 2005 to form DP World.

In 2007, DP World, UAE Region achieved the throughput of 10,000,000 TEU in a single year. After a few months, container and general cargo operations at Mina Rashid were shifted to Jebel Ali Port, the gateway to a market of more than 2 billion people.

For well over a year now, DP World, UAE Region has been handling volumes of more than 1 million TEU every month. In 2012 DP World, UAE Region handled 13.3 million TEU.

 






  MENA News Headlines
Apr 23 2014Omantel launches service package for youth ,MENAFN
(MENAFN) Omantel announced launching 'Ozone' plan, a new package designed especially for the youth. This comes with the company"s constant efforts to enhance the communication needs of its customers, ...

Apr 23 2014Dh154 billion for Arabtec projects ,Khaleej Times
(MENAFN - Khaleej Times) Arabtec will spend dh140 billion on building one million low-cost houses in egypt and dh14 billion on five mixed-use residential projects in abu dhabi and dubai its chief ...

Apr 23 2014?Titli? makers excited about Cannes selection ,Khaleej Times
(MENAFN - Khaleej Times) The movie about the badlands of delhi?s dystopic underbelly will be in competition as part of the un certain regard section of the 67th cannes film gala to be held may ...

Apr 23 2014Saudi- Yaroub Bashraheel: In search of peace ... underwater ,Arab News
(MENAFN - Arab News) You've heard of diving snorkeling and other water activities but rarely has anyone heard of free-diving. it's a form of diving underwater without the aid of any breathing ...

Apr 23 2014Saudi- Schneider highlights intelligent health care solutions at forum ,Arab News
(MENAFN - Arab News) Schneider electric a global specialist in energy management is set to showcase its leadership in intelligent health care solutions at the second saudi forum for planning and ...

Apr 23 2014Saudi- Divorcees can seek housing ,Arab News
(MENAFN - Arab News) The kingdom will accept applications from saudi divorced women and widows for financial and housing support said justice minister muhammad al-issa.al-issa called on applicants ...

Apr 23 2014Saudi- New passport office opens at Red Sea Mall ,Arab News
(MENAFN - Arab News) The passport department has opened a new office for citizens and residents at the red sea mall.gen. abdul rahman bin abdullah al-tuwairki deputy director general of the ...

Apr 23 2014Kowait- Police deportation powers curbed ,Arab Times
(MENAFN - Arab Times) Kuwait city april 3 (afp): kuwaiti police will no longer be able to deport expatriates without interior ministry approval under new rules published thursday after officers ...

Apr 23 2014Kowait- Amiri Diwan urges all off tape case ,Arab Times
(MENAFN - Arab Times)  kuwait city april 9 (agencies): the amiri diwan has called on everybody to steer clear of the controversial tape issue and let the public prosecution take the necessary ...

Apr 23 2014Saudi Savola Group revenue up 43 pct in Q1 ,MENAFN
(MENAFN) Saudi Arabia's Savola Group registered a 43 percent increase in profits in the first quarter, well over expectations of analysts, Arabian Business reported. According to a statement to ...

Apr 23 2014Dewa and GE explore collaboration opportunities ,Khaleej Times
(MENAFN - Khaleej Times) Saeed mohammed al tayer managing director and chief executive officer of the dubai electricity and water authority (dewa) recently received a ge delegation to explore ...

Apr 23 2014Local international companies come out in force ,Khaleej Times
(MENAFN - Khaleej Times) Cityscape abu dhabi has started showing stronger interest from property developers who have showcased their upcoming projects. the three-day realty show was opened by ...

Apr 23 2014ADCB NIC in Dh950 million deal ,Khaleej Times
(MENAFN - Khaleej Times) Abu dhabi commercial bank or adcb this week inked a dh950 million term facility to provide national investment corporation or nic the developer of the breakwater area in ...

Apr 23 2014Kowait- New hospital to be ready by 2014 end ,Arab Times
(MENAFN - Arab Times) Kuwait city jan 14 (kuna): director of the 'mega projects 3' group at kuwait oil company (koc) yaqoub dashti said on tuesday that the new ahmadi hospital would be ready to ...

Apr 23 2014Seven tied for the lead in chess championships ,Khaleej Times
(MENAFN - Khaleej Times) Former champion sukandar grabs lead of asian continental women?s chess. former asian women’s champion wgm irene sukandar of indonesia (left) beat wim ni shiqun ...

Apr 23 2014Two suspects held for robbing pedestrians in Sharjah ,Khaleej Times
(MENAFN - Khaleej Times) The sharjah police on tuesday arrested two stateless citizens for allegedly robbing many persons posing as criminal investigation department (cid) officers. the suspects ...

Apr 23 2014Sale of Gate Towers penthouses launched ,Khaleej Times
(MENAFN - Khaleej Times) Aldar properties has launched the sale of 21 exclusive duplex penthouse apartments at gate towers the penthouse collection in shams abu dhabi on al reem island. one of ...

Apr 23 2014ADCB profit grows 26% in first quarter ,Khaleej Times
(MENAFN - Khaleej Times) Abu dhabi commercial bank?s profit grew 26 per cent in the first quarter of the year to dh1. however net profit rose 22 per cent year-on-year. non-interest income was 24 ...

Apr 23 2014Gitex Shopper Spring 2014 to open doors today ,Khaleej Times
(MENAFN - Khaleej Times) Gitex shopper spring 2014 is set to open doors today with best bargains on latest tech products along with millions of dirhams worth of prizes during the four-day ...

Apr 23 2014Lebanon sends trapped citizens aid ,Arab News
(MENAFN - Arab News) Ras al-harf: lebanese authorities on tuesday sent a rare aid convoy to the town of tufeil an island of lebanese territory inside syria where thousands have become trapped in ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help