Gulftainer signs agreement with Government of Comoros Islands

Gulftainer will manage Moroni Port with the aim of expanding the port's capabilities by increasing the cargo storage area, constructing warehousing facilities and introducing the latest, state of the art, cargo handling equipment. Gulftainer will start managing and operating Moroni port immediately while it will manage and operate Mutsamudu port in 2007.

Peter Richards, General Manager of Gulftainer commented:

"This is a significant occasion for two main reasons; firstly that this contract represents a further step in our efforts to develop our international links and raise our profile as a port management company; and secondly it allows Gulftainer to use its well established expertise to help develop the transport gateways of a country which will certainly benefit from the cost savings through efficient cargo handling at its ports".

He added: "Our main aim will be to drastically reduce the time that vessels take to discharge and load their cargo in the port. This will allow the consignees and shippers of the Comoros Islands to negotiate better freight rates from the shipping lines, which will in turn allow the cost of importing goods into the country to be reduced. The same principle will be applied to the Port of Mutsamudu. We look forward to a long and successful co-operation with the Comoros".

Previously, Gulftainer has achieved and succeeded in managing and operating Sharjah ports due to their in-depth personnel experience and qualification, plus strong planning and implementation skills.

At Sharjah and Khorfakkan, Gulftainer has expanded container terminals to facilitate the operation of huge container ships. The company is equipped with the latest technologies for discharging and loading operations effectively. With the latest development, Gulftainer is now looking to develop regional and international links through important agreements with ports all over the world.