GULFTAINER EXPANDS TO THE USA

Gulftainer, the world’s largest privately owned independent port operator and logistics company, has embarked on a first tranche of infrastructure works at the Port of Wilmington in Delaware, confirmed Eric Casey, CEO of GT USA Wilmington, in March. The Sharjah-based company signed a 50-year concession to operate and expand the port in September 2018, the $600m commitment is the largest-ever investment by a private Emirati company in the US. Extension of the dock and crane rail should be completed this summer, warehouse improvements are also under way. “In the coming months we’ll start work to upgrade the cargo throughput capability from 350,000 to 600,000 TEUs and add capacity for roll-on roll-off cargo,” Casey says. —PD