Gulftainer posts 10% increase in volumes

Dubai: Gulftainer has reported a 10 per cent increase in container volumes for last year, matching the increase it posted in 2009.

The Sharjah-based terminal and logistics company's UAE facilities, Khor Fakkan Container Terminal (KCT) and Sharjah Container Terminal (SCT), shifted 3.02 million twenty-foot equivalent units (TEU) in 2010, it said.

Start of recovery

Managing Director Peter Richards said in a statement: "We had always hoped that in 2010 we would start to see the world economy beginning its recovery from the major downturn in 2008 and 2009. "The Mena region has weathered the storm rather better than many other areas and it is clear that in 2010 the container shipping industry, trading volumes and regional economies started to look forward once again with more confidence.