Global terminal operator Gulftainer has announced that it intends to expand its global portfolio of container terminals to 35 across five continents in the next six years and thereby triple its container handling to 18 million TEU.
This news follows Gulftainer’s announcement that it is looking to secure a second US terminal and boost its total US share to five terminals by 2020.
Peter Richards, Managing Director at Gulftainer, said: “To this end, we are currently in active discussions with a number of entities and potential partners, not only within the US market but also in India, Africa, and select Southeast Asian markets.
“With 360 commercial ports and about 3,200 cargo and passenger handling facilities, the US seaports are the lifeline of the world’s largest economy, and as such represent an important focus point within our overall growth strategy.
Gulftainer’s financial performance has been positive, having posted 97% growth in Q1, 2015 at its Recife terminal.
Richards continued: “We see strong opportunity for adding value to the ports and containerisation sector in the US. The US Department of Transportation projects that, compared to tonnages recorded in 2001, total freight moved through US ports will increase by more than 50% by 2020 and the volume of international container traffic will more than double.
Richards concluded: “We will deliver to the US container trade the values of efficiency, productivity and performance – the hallmark of Gulftainer’s operations wherever we operate.”