• September 25, 2016
    Last updated 3 minutes ago

shipping

Abu Dhabi Ports first-half profit up by 77%

Container volumes posted 11% increase at Khalifa Port

Staff Report
17:22 September 20, 2016

Abu Dhabi: Abu Dhabi Ports posted a 77 per cent increase in the net profit in the first half of this year due to major growth in general and bulk cargo, container volumes and Roll-on/Roll-off (RoRo) traffic.

Revenues of the company also went up by 20 per cent in the first half of the year, Abu Dhabi Ports said in a press statement.

At the Khalifa Port Container Terminal, container volumes increased by 11 per cent due to rapid growth in polymer exports and transshipment activity across the Gulf. The port handled 699,776 TEUs (twenty foot equivalent units) of containers in the first six months of 2016, up from 629,941 TEUs in the same period of 2015.

RoRo volumes jumped by 4 per cent compared with the same period in 2015, with 58,000 vehicles passing through the ports. A record average of 206 cars per hour were handled in April alone.

Over the past six months, Abu Dhabi Ports also successfully completed the first cruise season with 184,815 passengers passing through the Zayed port, an increase of 49 per cent over the same period last year.

In the Khalifa Industrial Zone, the amount of new land leased is up by 50 per cent to over 1.5 million square metres, according to the company.

Industries in the zone expanded with 82 Standard Musataha Agreements (SMAs), at an investment amount of over Dh40 billion to date.

Commenting on the results, Capt. Mohammad Juma Al Shamisi, Chief Executive Officer of Abu Dhabi Ports said: “We continue to invest and upgrade our offerings and facilities to support fast, inter-connected and efficient supply chains while also reaffirming Abu Dhabi’s position as a centre of excellence in maritime trade.”