Bahrain’s Khalifa Bin Salman Port (KBSP) has been celebrating ten years of operation. In that time KBSP has witnessed growth across its various business sectors. Container volumes have grown by 54%, ro-ro traffic by 27%, and general and bulk cargo by 87%. The port’s annual throughput in 2018 was 432,432 teu, which is 54% higher than the throughput recorded in its first full year of operations.
Just over a year ago APM Terminals Bahrain converted into a listed company and has since been listed on the Bahrain Bourse. It now has over 700 shareholders, offering the Bahraini community an opportunity to invest in one of the Kingdom’s national assets. The share price has almost doubled since listing and has outperformed the benchmark Bahrain Bourse index as well as the S&P GCC index. Additionally, it distributed an impressive dividend of 16.5% of the offer price to the shareholders in 2019 soon after listing.
The port is now getting ready for the next phase of its development with APM Terminals Bahrain and the Kingdom’s Department of Ports and Maritime Affairs working closely to optimise operational efficiencies within the port to satisfy future demand and the potential for further volume growth. There are, for example, plans to develop tailored supply chain solutions services for landside customers, introducing digital solutions such as online access control, e-payment solutions, and vessel traffic management systems. The port further aims to attract international cruise lines and secure project cargo imports for industrial projects with a seamless supply chain.