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FINANCIAL NEWS
UAE’s Gulftainer sign deal to open new terminal in US
18 Jun 2015
(MENAFN) Gulftainer, the Sharjah-based shipping terminal operator, signed a deal through which it will add a second terminal in the United States in the first quarter of 2016, according to the firm’s Managing Director, Gulf News reported.
The deal is set for an open lease of 35 years. The first port, Port Canaveral, is scheduled to start its operations in July the first. It will enjoy a yearly capacity of about 200,000 TEUs.
“We will be as big as Miami and as big as Jacksonville in years to come. I’m very bullish on cargo volumes,” the firm’s Managing Director said in a statement.
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