Abu Dhabi: Abu Dhabi Terminals (ADT), manager and operator of Khalifa Port Container Terminal (KPCT), said on Sunday its volume reached 1.13 million TEUs (Twenty-foot equivalent unit containers) in 2014, marking a 26 per cent year-on-year growth.
“2014 had been the busiest year at Khalifa Port Container Terminal and the fifth straight year that our compound year-on-year growth has risen more than 20 per cent,” Martijn van de Linde, ADT’s Chief Executive Officer, said in a statement.
“While we are incredibly pleased with this progress and everything we have achieved, we continue working on more expansion plans and further automation of our operations in 2015,” he added.
The port operator said it attributes its 20 per cent plus year-on-year growth over the past five years to the strong relationships with the shipping industry and the trade community. “It’s expected that this growth rate will be built on in 2015, and continued strong performance will be reached by year’s end,” the company stated.
ADT secured the exclusive rights to manage and operate the Khalifa port by signing a 30-year concession in 2012 with Abu Dhabi Ports.
In November 2014, ADT signed a loan agreement of Dh300 million with Abu Dhabi Commercial Bank (ADCB) for the ongoing development of Khalifa Port, according to Abu Dhabi Terminals.
A contract signed with Borouge in June 2014 will see ADT design, construct and operate a state-of-the-art packaging facility for Borouge’s export products at the port, which is set to kick off operations in March this year.
