Sharjah-based Gulftainer has announced substantial growth in its commercial and container operations in Saudi Arabia. The Gulf Stevedoring Contracting Company (GSCCO), part of the Gulftainer group of companies, achieved a 12% increase in container terminal activity at Jubail Commercial Port over the first half of 2022, with a throughput of 347,000 TEU, as well as a 21% year-on-year increase in general cargo tonnage, which was up to 2.7 million tonnes in this period.
Other highlights so far this year for Gulftainer’s Saudi operations include a contract with JESCO to handle 600,000 tonnes of steel a year through Jubail, while container shipping line, MSC, has also added a new feeder service, MEF-L4, through the port.
Peter Richards, Chief Executive Officer at Gulftainer, said: “Despite the challenges posed by the pandemic, we have seen a steady increase in business. Our focus this year has been to remain efficient and provide our customers with a seamless experience. Commercially, we have noted outstanding gross productivity and profitability, which has seen an EBITDA rise of 53% since 2021.”