Gulf Stevedoring Contracting Company (GSCCO), part of the Gulftainer group, has announced substantial growth in its commercial and container operations in Saudi Arabia.
Despite the challenges posed by the pandemic, the group has seen a steady increase across its business.
The company registered a 12 per cent increase in terminal activity at Jubail Commercial Port since 2021, now standing at 347,000 TEU.
An additional 21 per cent year-on-year increase in tonnage for general cargo at the terminal was also reported, with 2.7 million metric tons for the first half of 2022.
“I am very proud of the team’s efforts commercially and we are focused on continual improvement for the remainder of the year,” said Robert Hambleton, new Managing Director of Gulftainer in the Kingdom of Saudi Arabia (KSA).
More than two years since the start of the pandemic, the company has reportedly returned to business as usual and has managed to leverage its multiple ports across the Middle East for maximum benefit, according to its recent statement.
“We, at Gulftainer and GSCCO, have remained committed to developing best-in-class port and logistics infrastructure at our facilities since the beginning of the global pandemic,” added Peter Richards, Chief Executive Officer at Gulftainer.
“It has certainly not been easy to navigate all the unexpected restrictions that arose because of multiple lockdowns across the world. However, I’m proud to say that each Gulftainer employee, from our terminal cargo handlers to our management team, played a vital role in the company to flourish during those trying times.
“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 saw an EBITDA rise of 53 per cent since 2021.”
In 2020, the Gulftainer group launched the Future of Ports Startup Challenge 2020 to identify startups from across the globe with the ambition to lead the transformation of the port management and logistics industries.