Hutchison Ports Signs 25-Year Concession for Saqr Port’s New Terminal

Hutchison Ports has inked a 25-year concession agreement to develop and operate a container terminal at Saqr Port in the emirate of Ras Al Khaimah (RAK), located in the northern part of United Arab Emirates (UAE).

As informed, the terminal will operate under the name Hutchison Ports RAK.

Hutchison Ports RAK is a four-berth, 350,000-TEU facility featuring an 800-meter-long quay with a depth of 12 meters, in addition to a 20-hectare yard.

“We are excited to have the opportunity to invest in and operate a container terminal facility that is situated in a gateway location… Companies can now take advantage of a less congested and more sustainable multimodal shipping route to Jebel Ali and beyond,” Eric IP, Group Managing Director at Hutchison Ports, commented.

Shippers in RAK are expected to benefit from the region’s central location on the East-West trade lanes, which could receive a boost in traffic from recovering global trade and from China’s continent-spanning Belt and Road Initiative.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jul 2018 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

TRANSTEC 2018

TRANSTEC 2018 welcomes participants to explore Russian Ports and Shipping development opportunities…

read more >

Europort 2018

From 15-17 May 2018, the 12th edition of Europort Romania willl take place in the IDU Hall in Constanta…

read more >

SMM 2018

This is a must-attend event – a unique opportunity to meet key players, display business strengths, establish new contacts and exchange…

read more >

Defence Safety Conference Supported by The Defence Safety Authority, UK MoD

The Defence Safety Conference is the first of its kind exclusively dedicated to safety across the defence domain…

read more >