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Abu Dhabi Terminals successfully participated in TOC Middle East - Dubai

09/12/2015
This year’s TOC Middle East event has been heralded as a huge success. More than 500 participants attended two days of conference sessions and technical workshops, in addition to the co-located TOC Middle East which had more than 50 exhibiting companies at Le Méridien Dubai Hotel & Conference Centre, Dubai, UAE, on 8-9 December.

Mr. Martijn Van de Linde, Chief Executive Officer, Abu Dhabi Terminal was keynote speaker of the opening session where he outlined some factors that could have a major impact on the region’s port industry over the coming years. The ending of international sanctions against Iran is a potential game-changer for Gulf market growth, he said. The likely outcome is increasing numbers of direct connections to the Iran market.

Running parallel is the development of the rail network across the GCC which could impact shipping line dynamics probably reducing the number of feeders. The rail network could be an opportunity for most ports to expand their hinterlands, but it may slightly reduce the volumes of transhipment from main hubs, he stated.

Globally port handling growth is expected to slow to 2.2% in 2015 (from 5.3% in 2014) before a slight rebound in 2016 to 3.3%. However, Middle East ports are proving more resilient than the global average.

Middle East port throughput is estimated to grow by 5.1% in 2015, with projected capacity in the region of 55 million TEU in place by 2020. Average utilization remains high at over 70%, with a number of expansions in facilities either planned or already underway. This impressive performance is being driven by high consumption growth in Middle East economies and robust industrial growth.
Source: TOC Middle East