Investment for Jeddah terminal

Investment for Jeddah terminal

Siyanco DPA has announced a major investment of close to $50 million in equipment and infrastructure at the South Container Terminal facility in Jeddah, Saudi Arabia.

The investment includes the purchase of 10 rubber-tired gantry cranes (RTG) from Kalmar Industries, and follows a recent order placed with ZPMC for two super post-panamax quay cranes and three RTGs. Both orders are to be delivered in August 2004, which will bring the total number of quay cranes to 17 and RTG's to 20. Siyanco said it has also placed an order for 33 head-trucks and trailers to complement the new gantries and further enhance productivity and capacity in the terminal.

"An unexpected surge in throughputs during the last six months, and strong growth forecast for 2004 has prompted this move," said Mohammed Sharaf, managing director of Dubai Ports International. "The terminal will achieve a total throughput exceeding 1 million TEUs in 2003, and is projected to achieve 1.3 million TEUs on an annualized basis if current throughputs are maintained." Annual capacity is eventually projected to total more than 2 million TEUs, he added.

Throughputs have grown from a monthly average of 70,000 to 110,000 TEUs, which represents an increase of 58% against the average for the first two quarters of 2003, the terminal operator said. This has been due in part to lines shifting transshipments from the congested Jordanian Port of Aqaba. New services have also added 10 extra vessel calls per week, including six feeder calls. Several lines have also chosen Jeddah as their regional transshipment hub, Siyanco said.