Abu Dhabi’s Khalifa Port, structured on an artificial island, announced 26% annual development in container volumes after it fascinated more shipping lines.
Khalifa Port operated 1.13 million TEUs (twenty-foot equivalent unit containers) in 2014, signifying progress of 26%, Abu Dhabi Terminals (ADT) report said.
The new Khalifa Port started the business in late 2012 to take over container traffic from the existing Mina Zayed Port.
ADT is both owned by Abu Dhabi Ports, Mubadala and Mubadala Infrastructure Partners.
Four new shipping lines started services to Khalifa Port in 2014, taking the totality to 20 lines catering 52 destinations.
According to Martijn van de Linde, Chief Executive of ADT, year 2014 has been the busiest year at Khalifa Port Container Terminal and the fifth straight year that their compound annual development has mounted more than 20%.
Khalifa Port’s container terminal presently has a yearly capacity of 2.5 million TEUs. This can be elevated to 5 million TEUs, relying on demand over the following years.
Abu Dhabi has averred that its continuing objective is to enhance it to 15 million by 2030, relying on demand.