DP World to invest $800m in Syria's Tartus port with 30-year BOT deal
DP World has confirmed its entrance into the Syrian market, yesterday signing a 30-year concession ...
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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 ...
Comment on this article
Andreas Kout
May 08, 2018 at 2:43 pmToo 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