Gulftainer Eyes Second US Terminal


Sharjah-based terminal operator Gulftainer is looking to secure a second US terminal, and although the operators Managing Director, Peter Richards declined to comment on the exact location, the second acquisition could be the first step on the companies journey of owning as many as five terminals in the US by 2020 and various others in Latin America, according to Gulf News.

PTI previously reported that Gulftainer had secured a 35-year lease to manage and operate Port Canaveral, a move that was taken forward after the US Treasury Department declared that a security review was unnecessary for the lease.

Peter Richards said: “We will be as big as Miami and as big as Jacksonville in years to come. I’m vey bullish on cargo volumes.

“For us, it’s whether Canaveral wants to stay purely a regional port with the rail link or a countrywide port with the rail link. It’s very important for the port.”

Gulftainer recently received its largest ship at its Khorfakkan Container Terminal in the United Arab Emirates – the CMA CGM Kerguelen – which has a capacity of 17,722 TEU.

The terminal operators reached an astonishing 97% year-on-year growth for the Q1 of 2015, making it one of the fastest growing terminal operators of 2015.

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