UAE to Generate 9.4 Billion by 2014

Press Release
Wednesday, January 30, 2013
Frank Courtney

UAE to generate logistics revenues in excess of USD 9.4 billion by 2014 to lead growth of regional logistics and supply chain sector.

 

  • International cargo demand in Middle East to expand 4.9 per cent by 2016 
  • Barloworld unveils growth plans focusing on strengthening presence in key markets such as UAE, Saudi and Qatar in 2013

 

 
Barloworld Logistics, a  provider of logistics and supply chain management solutions, recently revealed its strategic growth plans for 2013, focusing on growth opportunities in key Middle East markets such as the UAE, which is projected to generate logistics revenues in excess of USD 9.4 billion by 2014. Barloworld has pointed out that the UAE remains central to its growth plans in 2013 being the world’s sixth largest freight market with up to 2.5 million tons of air cargo.
 

The international cargo demand in the Middle East, on the other hand, is expected to sustain its positive growth rate to reach 4.9 per cent in 2016, according to a report by the International Air Transport Association (IATA). Barloworld Logistics further pointed out that the Middle East has the third fastest growth rate in the International Freight Developments category at 6.6 per cent.

Frank Courtney, Barloworld Logistics Chief Executive for EMEA region, said: “We will continue to focus on delivering integrated smart supply chain solutions, empowering businesses to move forward with their expansion plans across new markets in the GCC and in the rest of the Middle East region. In particular, we are strengthening our presence in key markets such as the UAE, Saudi Arabia and Qatar, which continue to witness a surge in cargo volumes year on year. Barloworld Logistics is confident of sustaining the gains we have achieved and realizing our growth targets for 2013. Our enthusiasm is driven by the successful strategic investments we have made in recent years, which have given us a strong head start as we aim to capitalize on new and exciting growth opportunities that have emerged in the region’s supply chain and logistics sector.”


Barloworld Logistics designs, plans, implements and manages cutting-edge supply chain solutions that enable clients to become more competitive, leaner and more effective as organizations. Having been one of the leading logistics and supply chain management businesses in southern Africa, Barloworld Logistics has expanded its operations to become an international player with a presence in the USA, Europe, the Middle East, Southeast Asia and the Far East.
 

Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Tanzania's Energy Minister Resigns

Tanzania's Energy and Minerals Minister Sospeter Muhongo resigned on Saturday amid a graft scandal that has rocked the gas-rich country and led Western donors to delay aid,

China's COSCO Group Returns to Profit

China Ocean Shipping Group Co (COSCO) returned to profit in 2014 after three years of losses, state media said on Saturday, citing an interview with the group's chairman.

Brent Closes Up, U.S. Crude Down After Saudi King Dies

Brent crude was buoyed on Friday by market uncertainty over the future of Saudi oil output, while U.S. crude fell on more signs of oversupply. Saudi Arabia's new king,

Ports

Liebherr to Debut 5-Axle Mobile Crane

Liebherr will be showing its new 160-tonne mobile crane LTM 1160-5.2 at the Intermat 2015 in Paris, France. This crane on a five-axle chassis was presented to

Great Lakes Coal Falls Short in 2014

Despite a nearly 1-million ton increase in coal shipments on the Great Lakes in December, the surge was not enough to enable the trade to outperform 2013, the Lake Carriers’ Association (LCA) said,

Indian Ports: Private Vs Government

Rising competition from fast growing private sector ports is forcing government-controlled major ports to re-invent themselves, reports Business Standard. Slowdown

Finance

Oil Majors to Preserve Dividends Despite Oil Collapse

Europe's oil majors will strike a sober note in their fourth-quarter results and investors will focus on companies' plans to maintain cherished dividends and

China's COSCO Group Returns to Profit

China Ocean Shipping Group Co (COSCO) returned to profit in 2014 after three years of losses, state media said on Saturday, citing an interview with the group's chairman.

Brent Closes Up, U.S. Crude Down After Saudi King Dies

Brent crude was buoyed on Friday by market uncertainty over the future of Saudi oil output, while U.S. crude fell on more signs of oversupply. Saudi Arabia's new king,

Logistics

FMC Commissioners Meet with China Transport Officials

Federal Maritime Commissioners Richard A. Lidinsky, Jr. and William P. Doyle met with transportation officials from China on January 14, 2015 in Washington, D.C.

Great Lakes Coal Falls Short in 2014

Despite a nearly 1-million ton increase in coal shipments on the Great Lakes in December, the surge was not enough to enable the trade to outperform 2013, the Lake Carriers’ Association (LCA) said,

Tepco, Chubu Buying 6 LNG cargoes from Vitol

Japan's Tokyo Electric Power Co and Chubu Electric Power Co,, are expected to buy a total of six cargoes of liquefied natural gas (LNG) from Vitol and GDF Suez in their first joint tender,

Consulting

New Simulator Improves Inland Waterway Training

Simulation Tool for Brown Water Training and Collision Reconstruction   BMT ARGOSS a subsidiary of BMT Group Ltd., has developed a specialized version of its

Ship-to-ship Transfer Clause for Dry Bulk

A new clause for dry cargo voyage charters is set to plug the gap in contracts that do not address ship-to-ship transfer (STST) cargo operations. STST cargo

New Coating Thickness Measurement Tool

Oxford Instruments has introduced a new tool for coating thickness measurement and materials analysis.This new model, the MAXXI 6, is based on X-ray fluorescence technology.

 
 
Maritime Contracts Maritime Standards Naval Architecture Navigation Pipelines Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.6922 sec (1 req/sec)