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Gulftainer notes growth despite market slump

The Khorfakkan Container Terminal. (Image Source: Gulftainer)

UAE-based independent port operator Gulftainer recorded a four per cent growth in container volume across global portfolio in 2015

Recording a spike of nine per cent in container volume, company?s UAE terminals in Khorfakkan and Sharjah emerged as strong performers last year. This nine per cent means a total volume of 19,561 TEUs for a single vessel during 2015.

Gulftainer CEO Flemming Dalgaard said, ?The container industry worldwide is witnessing challenges in growth volumes due to a slowdown in the Chinese and European markets. However, Gulftainer?s success in bucking this trend with positive and robust performances across our terminals underlines our ability to adapt to market volatilities and economic fluctuations.

Over the next decade, Gulftainer has devised an ambitious growth strategy to triple volumes. The company aims to continue expanding operations through investments in infrastructure towards accelerating operational efficiency and benefiting from new opportunities as they emerge. As part of its immediate plans, Gulftainer aims to launch its operations in Lebanon.