MIDDLE EAST • SAUDI ARABIA
KAP already ranked one of world’s top 100 ports
experts have dubbed a ‘new normal’. Hammeedadin acknowledges the challenges but says that both the port’s geographical position and ownership model has acted as a real advantage during its first three years in operation.
King Abdullah Port: newcomer to sector with grand ambitions
King Abdullah Ports is not one of the traditional heavyweights in the grand old history of ports but just three years after opening its doors to the world all signs point to this new member of the industry taking on its well-established competitors.
King Abdullah Port is already ranked among the world’s top 100 ports, most recently coming in at number 98 worldwide, according to analyst Alphaliner. In the GCC, King Abdullah Port is ranked seventh, and in Saudi Arabia itself is ranked third, with data suggesting those rankings could climb yet still.
From 2015 to 2016, container throughput at the port increased by nearly 8%, with 1.4m teu handled in 2016. Vessel traffic increased by 14.4% over the same period, with 729 vessels calling at King Abdullah Port in 2016, utilising berthing/sailing services handled by the port’s partners at Specialised Marine Services.
‘The past year has witnessed many achievements at the port, all of which contribute to the numbers we have posted in terms of cargo handled and the number of ships
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calling,’ says managing director Abdullah Hameedadin.
‘By the end of 2016, King Abdullah Port had completed the infrastructure for Berth 5 and Berth 6, a major milestone in its strategic expansion plan. With the two new berths, the port’s annual capacity increased to over 4m teu, which is still just about a fifth of its ultimate capacity.’
Such success stories are welcome at a time when the industry is something in a state of flux, readjusting to what some
Abdullah Hameedadin, md
‘As the first port in the region to be privately owned and operated, King Abdullah Port has the flexibility to customize its tariffs and services to meet the needs of its users without battling an entrenched bureaucracy to do so,’ he tells Seatrade Maritime Review. ‘The port’s central location on the Red Sea is also a huge boon for its growth as this is one of the busiest shipping lanes in the world, with some 25% of the world’s container traffic plying the Red Sea.’
To help support its grand designs, the port sealed a of SAR2.7bn ($720m) financial agreement with Saudi banks SABB and ANB. The injection of funds has allowed the port to think big.
‘The two ro-ro berths are scheduled to open in 2017 and 2018 respectively. The inaugural ro-ro berth will stretch 280mtr in length with a capacity of 300,000ceu annually,’ says Hammeedadin.
‘Once all five berths are operational, the total quay length will be 1,420mtr with a depth of 14mtr, enough to handle any ro-ro ship on the seas today and for the foreseeable future. When completed, the five ro-ro berths will offer a total capacity of 1.5m ceu, the largest of any port in the region and the first dedicated berth on the Red Sea.’
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