Page 6 - Al-Rashed Newsletter April 19

IRAQ MUSINGS
IRAQ NEWS

Gulftainer handles container volume of 2 million TEUs at Iraq
Container Terminal
The Iraq Container Terminal (ICT) at Umm Qasr Port in southern Iraq,
operated by Gulftainer, has achieved a major milestone, registering
container volume of two million twenty-foot equivalent units (TEUs) since
Gulftainer started its operations in the region less than nine years ago.
The company has invested heavily in ICT to develop a 376 m berth and
container storage area within the 342,000 sq m terminal that currently has
the capacity to handle in excess of 400,000 TEUs per year, allowing for
future volume increase. The berth is equipped with two Mitsubishi ship-to-
shore gantry cranes, supported by two Gottwald mobile harbour cranes with
a 100 t lifting capacity, in addition to container-handling equipment including
18 reach stackers, two empty handlers and 28 terminal tractors. ICT
currently employs 250 locals and a support team of 50 expatriates.

Iraq hosts conference with neighboring states Saudi Arabia, Iran
The Iraqi capital of Baghdad on 20th April was host to a regional
conference which included delegations from rivals Iran and Saudi Arabia
among other neighboring states. Iraq hosted the one-day conference where
senior parliamentary officials from the regional countries Iran, Saudi Arabia,
Turkey, Kuwait, Syria, and Jordan discussed security in the Middle East,
diplomacy, and economic issues.
The conference is an attempt by Iraq to bolster its relations with the states
around it and act as a mediator between rivaling countries like Saudi Arabia
and Iran who support opposing sides in ongoing wars across the Middle
East.
LIFE IS 10% WHAT Iraq’s Parliament Speaker Mohammed al-Halbousi chaired the meeting.
Halbousi said in a statement that the delegations reassured their support for
HAPPENS TO YOU
the reconstruction and development of Iraq following the years-long war
AND 90% HOW YOU against the so-called Islamic State.
Source: Hellenic Shipping News, Kurdistan 24
REACT TO IT.