U.A.E. Port Operator Gulftainer Seeks Six-Fold Sales Increase - Bloomberg

U.A.E. Port Operator Gulftainer Seeks Six-Fold Sales Increase - Bloomberg:

"Gulftainer Co., a port operator based in the United Arab Emirates, plans to triple by 2020 the number of terminals it manages and the amount of cargo it handles.

“We intend to be among the top six port operators in the world,” Managing Director Peter Richards said in an interview. Gulftainer, which said today it will adopt the brand name GT, wants to boost revenue by 500 percent by the end of the decade, said Richards, who spoke Dec. 12 before the re-branding announcement.

Gulftainer has a target of operating 35 shipping terminals, up from 11 now, boosting the amount of cargo it handles to 18 million twenty-foot equivalent units from 6.5 million this year, Richards said. A TEU is a standard industry measure for cargo handled in ports. Gulftainer, part of the Crescent Group based in the U.A.E. sheikhdom of Sharjah, is privately owned and doesn’t release revenue figures, Richards said."

'via Blog this'