Crescent Enterprises News

Sharjah-based port operator Gulftainer  is considering pulling out of Brazil where it operates a port on the country’s northeastern coast, Gulf News reported quoting chief executive Flemming Dalgaard. The company will make a decision before the end of the year, Dalgaard said. Gulftainer, 50 per cent owned by conglomerate Crescent Enterprises, was awarded an operator certificate for Brazil’s Recife port in 2011. Few months ago, Daalgard stated that the port was “not performing as would like it to” and that there had been no decision at the time on whether it should withdraw. Daalgaard also said Wednesday that Gulftainer remains in discussions to operate two ports in the United States. The terminal operator entered the US market in 2015 with a 35-year contract for Port Canaveral in Florida.

Sharjah-based ports operator Gulftainer has opened Canaveral Cargo Terminal at Port Canaveral in Florida in the US for business. Gulftainer, a subsidiary of UAE-based conglomerate Crescent Enterprises, said the opening comes one year after Canaveral Port Authority signed a 35-year agreement with GT USA, the US arm of Gulftainer, to operate and further develop the container and multipurpose cargo terminal. The opening comes one year after Canaveral Port Authority signed a 35-year agreement with GT USA, the US arm of UAE-based global ports and logistics company Gulftainer, to operate and further develop the container and multipurpose cargo terminal.

UAE based Gulftainer, a terminal operating and logistics company, set a new record for the handling of the largest unloading and loading of a single vessel call at its Khorfakkan Container Terminal (KCT), at 19,561 TEUs (Twenty-foot equivalent unit). It handled 19,561 20-foot-equivalent units of containers in 54.4 hours on a single call at its Khorfakkan Container Terminal in at Sharjah. The terminal staff completed the record breaking call of the CMA CGM Jules Verne container ship with the help of 11 cranes. The 396m CMA CGM Jules Verne, with a 54m beam, is the largest container ship in the world sailing under the French flag. “With…

A Middle Eastern-owned company landed its first North American port operations contract on Monday, a 35-year agreement with Port Canaveral on Florida's east coast. Under terms of the lease, Gulftainer, a wholly-owned subsidiary of United Arab Emirates-based Crescent Enterprises, will invest up to $100 million in equipment and employees to operate a container and cargo terminal under construction at Port Canaveral, just south of Cape Canaveral Air Force Station and Kennedy Space Center. "Our intent is to reach up into that southeast manufacturing belt and into the traditional heartland markets for distribution and logistics," Port Canaveral Chief Executive John Walsh said at a signing ceremony.

Gulftainer, the Sharjah-based port management & logistics company, takes a 51 percent stake in Saudi Arabia’s Gulf Stevedoring Contracting Company (GSCCO), to assume full management of three Saudi terminals, located in Jeddah and Jubail. The acquisition makes Gulftainer the largest port operator in the Middle East with regards to the number of terminals operated in the region, with the company managing 40 percent of all the major container terminal facilities in the Middle East that have the capacity to handle ships of 12…