News / Middle East transhipment business set to change after Abu Dhabi signs MSC deal

08/05/2018

The future shape of transhipment hub patterns in the Middle East Gulf looks set to undergo significant change after Abu Dhabi Ports Company today signed a 30-year concession agreement with MSC to establish a new container terminal in the UAE located at Khalifa Port, in a move that will pose an unprecedented long-term challenge to Dubai’s status as the established transhipment hub in the region.

MSC’s port operating subsidiary Terminal Investments Ltd (TIL) will invest some AED4bn (US1.1bn) in expanding the ...

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Andreas Kout
May 08, 2018 at 2:43 pm
Too much ports in one basket are surely doing one thing heating up additionally competition in a market which has seen already tremdenous downturn of margins and net profit of freight forwarders in particular the last two years. Being aware of this through our connections to large UAE local heroeswe are aware that payment modailitites are playing a very critical role here too.Unfortunately M/E shipper are used to long term payments of +90 upto 150 sometimes 180 days.If this is really positive to your balance sheet I do not comment further.
best regards
A.Kout
Akclimited

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