GES Gross Revenue Up 27% in 2013

MarineLink.com
Tuesday, February 18, 2014
Mr. Mustapha Kawam

Globe Express Services (GES), one of the world’s top 100 global logistics providers, has announced that its gross revenue for its UAE operations in 2013 has increased by 27 percent compared to 2012. Profit was buoyed by the rapid growth of, and positive outlook on, the Middle East’s logistics and transport sectors.


Strategically located between Europe and Asia, the UAE has experienced a significant growth in its logistics activities due to increasing regional and globe trade opportunities. The local sector is expected to further expand by 2015 to AED 37 billion amid the influx of infrastructural and commercial projects.  


The UAE Government has been providing support to sustain the growth and further strengthen the sector. Government-backed international trade events, for one, are held to showcase the UAE’s world-class air cargo, freight transport, ports management, and materials handling facilities.


Dubai in particular characterizes the country’s logistics potential. The emirate has been named the third largest re-export hub after Hong Kong and Singapore due to the size and efficiency of its ports. Jebel Ali Port and Port Rashid, for instance, are posting a steady 20 per cent increase in volume capacity. The UAE has also bolstered the capacity of Khalifa Port, a 2.2-square kilometer port and cargo handling facility in Abu Dhabi. With an initial capacity of 2.5 million twenty-foot equivalent container units (TEUs), it is expected to handle 35 million TEUs by 2030.


Mustapha Kawam, Managing Director-Gulf States, Globe Express Services, said, “We share the positive sentiments on the UAE’s transport and logistics sectors as we see growing industry opportunities across the region. The influx of infrastructural and commercial projects in Dubai and the rest of the UAE are definitely driving this growth. We look forward to further strengthening our presence in the region as we push ahead with our plans to further boost our services to address growing market demand.”

 

Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Ingram to Build 20 Tank Barges in 2015

Ingram Barge Company announced that it will build 20 tank barges in 2015 to meet growing demand for chemical shipments. While most of the company’s recent tank

Webinar: 3D Laser Scanning in the Marine Industry

Maritime industry professionals have increasingly taken notice of 3D laser scanning in recent years as acceptance for the technology and its applications mounts throughout the sector.

Shuster Receives Champion of Maritime Award

Congressman honored for support of domestic maritime industry.   Rep. Bill Shuster (R-Pa.) this week received the 2014 Champion of Maritime Award from the American Maritime Partnership (AMP),

Finance

NRC Program Targets Vessel Operating Costs, Safety

Canada’s NRC creating solutions for the growing Canadian shipbuilding, military vessels, marine commercial transportation and offshore resource industries As

Senator Says 2015 Could Be Time for US Oil Export Bill

The top supporter in the U.S. Congress for reversing the 40-year ban on crude oil exports, Senator Lisa Murkowski from Alaska, said next year could be the time for a bill on lifting the restriction.

Global Ship Lease to Acquire Containership

Global Ship Lease, Inc. has  announced  that it has agreed to acquire a 8,063 TEU containership from a leading container liner company for a purchase price of $55 million.

Government Update

Finland Grants Support to Three Small LNG Terminals

The Finnish government granted 65.2 million euros (84.22 million US dollar) in subsidies to build three small liquefied natural gas (LNG) terminals to cut on use

NRC Program Targets Vessel Operating Costs, Safety

Canada’s NRC creating solutions for the growing Canadian shipbuilding, military vessels, marine commercial transportation and offshore resource industries As

Senator Says 2015 Could Be Time for US Oil Export Bill

The top supporter in the U.S. Congress for reversing the 40-year ban on crude oil exports, Senator Lisa Murkowski from Alaska, said next year could be the time for a bill on lifting the restriction.

Logistics

Finland Grants Support to Three Small LNG Terminals

The Finnish government granted 65.2 million euros (84.22 million US dollar) in subsidies to build three small liquefied natural gas (LNG) terminals to cut on use

Ingram to Build 20 Tank Barges in 2015

Ingram Barge Company announced that it will build 20 tank barges in 2015 to meet growing demand for chemical shipments. While most of the company’s recent tank

Senator Says 2015 Could Be Time for US Oil Export Bill

The top supporter in the U.S. Congress for reversing the 40-year ban on crude oil exports, Senator Lisa Murkowski from Alaska, said next year could be the time for a bill on lifting the restriction.

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Port Authority Ship Electronics Ship Repair Ship Simulators Winch
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: 0.2019 sec (5 req/sec)