Gulftainer reboots concession agreement for Sharjah + Khorfakkan terminals:Sharjah-based ports and terminal operator Gulftainer has extended its concession agreement with Sharjah Ports, Customs and Free Zones Authority (SPA) for two terminals in the UAE for a further 35 years, according to a press release. The agreement will allow Gulftainer to manage, operate, and develop Sharjah Container Terminal (SCT) and Khorfakkan Container Terminal (KCT) well into the century. Gulftainer and SPA’s partnership goes back five decades, the statement added.

About Gulftainer and the terminals: Gulftainer was established in 1976 to operate the newly built SCT and later expanded to operate KCT and other port facilities in the UAE, Iraq, KSA, and the US, according to the company’s brochure (pdf). SCT handles container, bulk, Ro-Ro and general cargo shipments for the UAE. KCT leverages its strategic position on the Indian Ocean beyond the Strait of Hormuz to service east-west shipping routes in addition to the GCC market, the statement also said.

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