Khalifa Port receives 14 cranes for Abu Dhabi Terminal

COSCO SHIPPING expects construction to be completed by the end of the year.

Khalifa Port receives 14 cranes for Abu Dhabi Terminal

COSCO SHIPPING expects construction to be completed by the end of the year.

Khalifa Port receives 14 cranes for Abu Dhabi Terminal

COSCO SHIPPING expects construction to be completed by the end of the year.

 
   Abu Dhabi Ports announced the delivery of the first shipments of automated rail-mounted gantry crane (ARMG) ship-to-shore quay cranes (STS) to Khalifa Port.
   Shipped from Shanghai, the 10 state-of-the-art ARMG cranes and four STS cranes are the initial batches of equipment to be installed at COSCO SHIPPING Abu Dhabi Terminal, the second container terminal being built at Khalifa Port. The terminal is scheduled to be completed by the end of the year.
With remote control monitoring, the cranes will have the capacity to swiftly transfer shipments, further boosting the capacity of Khalifa Port. The cranes will have the lifting capacity of 41 tons and will be fully integrated with Khalifa Port’s terminal operating system, making it the first semi-automated port in the region.
   Abu Dhabi Ports CEO Mohamed Juma Al Shamisi said, “The arrival of the first shipments of world-class cranes for COSCO SHIPPING Abu Dhabi Terminal marks a significant milestone to the development of Khalifa Port. The ongoing investment into the port has been a leading factor in the rising demand for services at our integrated logistics hub at KIZAD.”
   In September 2016, Abu Dhabi Ports signed a 35-year concession agreement with COSCO SHIPPING Ports Limited, which will operate an initial 1,200 meters of quay and yard.
   COSCO broke ground at Khalifa Port in November 2017. Abu Dhabi Ports and COSCO SHIPPING Ports Limited also conducted a signing ceremony for the leasing of the largest container freight station in the region at Khalifa Port.
Normally, the fourth quarter is a peak season for air cargo. So, essentially flat growth in November is a big disappointment. While our outlook is for 3.7 percent demand growth in 2019, downside risks are mounting. Trade tensions are cause for great concern. We need governments to focus on enabling growth through trade, not barricading their borders through punitive tariffs.
Spot container rates from Shanghai to North Europe totaled $970 per TEU as of Jan. 18, while rates from Shanghai to the Mediterranean stood at $978 per TEU, down 0.9 percent and 0.2 percent, respectively, from a week prior, according to the Shanghai Containerized Freight Index.
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