Operated and managed by APM Terminals, investment and expansion continue to meet rising container volumes in the Red Sea and Interior Middle Eastern Regions
At a time where many markets are in decline, Aqaba Container Terminal (ACT), Jordan’s largest container port, handled its largest ever monthly volume of 64,525 TEUs in May, contributing to an overall year-to-date container throughput growth of 23%. In 2008, the terminal volumes grew by 42% to a total of 587,530 TEUs.
Aqaba Development Corporation (ADC) CEO and ACT Chairman Eng. Imad Fakhoury stated, “Over the last three years, we have invested more than USD 100 million in yard and equipment improvements, and we are now looking ahead towards expanding the terminal. The action plan for the years 2009-2013, also calls for capital expenditure in the amount of USD 275 million, bringing total investment by the end of 2013 to USD 375 million.”
Vice President of APM Terminals and head of the Africa, Middle East & India region Charles Menkhorst continued, “Over the past year, investments have included two Super Post-Panamax gantry cranes for delivery early in 2010, six newly delivered Rubber-Tired Gantry Cranes (RTGs), 100 additional reefer plugs, and the refurbishment and upgrading of the existing facilities. The RTGs are “Eco-RTGs” developed by APM Terminals and Siemens, that feature innovative engine controls and the ability to cycle energy during the braking and lowering phases of operations, resulting in lower energy consumption, and emission, noise and fume reductions of about 50%.”
Continued expansion in containerized cargo trade is projected for Jordan, with the continued development of logistics facilities in the Aqaba Special Economic Zone (ASEZ), and the further containerization of commodities such as rice and sugar. Strong growth is also seen for other countries in the region served by the Red Sea port, including Iraq.