Sohar Port and Freezone has announced a strong set of results for the third quarter of 2022 with total cargo throughput registering an increase of 32% compared with the same period last year, to 21 million tons from 16 million tons in 2021.
Dry bulk volume traffic going through Sohar jumped by 38% to almost 11.8 million tons, while liquid bulk traffic increased by 28% to just over 5 million tons and container throughput increased by 4%, to 188,604 TEU, in this period. In addition, the port also posted an impressive 60% increase in Ship-to-Ship (STS) cargo activity.
Emile Hoogsteden, Chief Executive Officer of Sohar Port, said, “The year 2022 has been tumultuous when it comes to higher energy costs and soaring consumer food prices globally, which have led to higher marine bunker prices and an increase in shipping costs for all sectors. That said, we have been pleased with our performance, as well as seeing throughput grow quarter on quarter, year versus year.” He added, “As we embark on 2023, we are optimistic about what the year holds for us. We are particularly excited about the prospects of investments in the green hydrogen sector, supported by the recently signed agreement between Oman and the Netherlands at COP 27, which will contribute to building the global green hydrogen value chain, as well as boost port development opportunities.”
Meanwhile, Sohar Freezone’s performance has also been positive in the third quarter with an 11.2% increase in exports, and 4.2% increase in land occupancy compared with the same period last year. Phase one of the Freezone is now occupied at over 75% capacity.
Omar Al Mahrizi, Chief Executive Officer of Sohar Freezone, added, “The growth we have achieved in 2022 to date provides a solid platform for even better results during 2023. Further expansion is planned as we continue to reach out to overseas investors about the potential of Sohar Port and Freezone to meet their logistical needs in the region.”