Leading global terminal operator, Hutchison Ports, has agreed to partner with Nawah Port Management (NPM), controlled by Pritzker Family Business Interests, to manage all its existing and future operations at the Port of Basra in southern Iraq. Hutchison Ports will assume oversight of day-to-day commercial and operational activities at the NPM container terminal located along the Shatt Al Arab waterway, operating in future under the name of Hutchison Ports Basra.
NPM’s proximity to the city centre and major oilfields is viewed as a key competitive advantage compared with other ports in the region. “We view NPM’s operations at the Port of Basra as an integral piece of our expanding Middle East strategy and are excited about the opportunities this partnership creates,” said Andy Tsoi, Hutchison Ports’ Managing Director, Middle East and Africa. “We believe strongly in the growth story of Basra, Iraq, and the Middle East as a whole and are delighted to have the opportunity to participate in and support the growth of the business over the long term.”
NPM operates the 158m long Berth 14 in the Port of Basra, which has an alongside draft of 8.2 – 9m, supported by a 20,000m2 back-up area. In 2014 NPM signed an agreement with the Iraqi government to quadruple the size of the terminal’s operations, and efforts are underway to dredge the Shatt Al Arab, which currently has a draft of between 9 and 12m.