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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Young Taken on PESA Advisory Board

Hoover Container Solutions’ chairman and CEO, Donald Young, has been nominated and elected to the Petroleum Equipment & Services Association (PESA) Advisory Board for a three-year term.

US Navy Tests Latest Aegis Weapon System

The U.S. Navy conducted a series of cooperative air defense test exercises with the Spanish navy that culminated in live missile firing events using the latest Aegis Weapon System baseline July 20-21.

Antwerp Port CEO Scoops Baron Title

After 25 years as CEO of Antwerp Port Authority, Eddy Bruyninckx has been raised to the nobility by H.M. the king of Belgium with the rank of baron. In Belgium

Finance

Canada Seek to contain Oil Spill

Authorities are building a new containment boom to fight an oil spill in a major western Canadian river, officials said on Saturday, after the spill breached a

Ecuador Pays $112 mln Award to Chevron

Ecuador has paid $112 million to energy company Chevron Corp over a four-decade-old contract dispute, even though it remains in disagreement, the head of the central bank has said.

NASSCO Bags USS Oak Hill Modification Award

General Dynamics NASSCO-Norfolk was awarded a $42 million cost-plus-award-fee modification to a previously awarded contract for the repair and alteration for the USS Oak Hill (LSD-51).

Government Update

Canada Seek to contain Oil Spill

Authorities are building a new containment boom to fight an oil spill in a major western Canadian river, officials said on Saturday, after the spill breached a

Ecuador Pays $112 mln Award to Chevron

Ecuador has paid $112 million to energy company Chevron Corp over a four-decade-old contract dispute, even though it remains in disagreement, the head of the central bank has said.

ASEAN in Discord Ahead of Meeting with top China, U.S. Diplomats

Southeast Asian nations were thrown into disarray after Cambodia on Saturday blocked them from issuing a statement referring to an international court ruling against

Logistics

Global Fleet Growth: A More Mature Trend?

The supply of ships into the fleet is a key determinant of vessel earnings across the shipping sectors, and world fleet growth is closely followed by everyone in the maritime industry,

Cosco: No to Shark Fin

China's biggest shipping and logistics company Cosco has pledged a total ban on transporting shark's fins,  says SCMP. It called the move a "body blow" to the international shark's fin trade.

Seaborne Transportation - Economy Without Borders

With seaborne transportation accounting for the vast majority of the world’s international trade, the importance of the shipping industry to the mechanics of the

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Offshore Oil Pipelines Pod Propulsion Ship Electronics Ship Repair Sonar
rss | archive | history | articles | privacy | 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: 0.1196 sec (8 req/sec)