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Hutchison Ports Sohar - Event News

  • Terminal Operator Excellence Award 2016  (2016-12-14)  Read News
  • Record gate moves elevate throughput at Hutchison Ports Sohar  (2017-09-28)  Read News
  • ISO award press release  (2016-12-11)  Read News
  • Best Merchant in the Region award by Bank Muscat  (2017-03-20)  Read News
  • launches new Auto Gate System  (2017-05-14)  Read News
  • Iran, Oman launch new shipping route  (2015-05-18)  Read News
  • Visit students IMCO to Oman International Container Terminal LLC  (2015-05-08)  Read News
  • New container service linking India, Middle East set to start  (2015-05-05)  Read News
  • Oman-India-Sri Lanka cargo loop by Evergreen announced  (2015-05-04)  Read News
  • New container service linking India, GCC to start on May 9  (2015-05-03)  Read News
  • HPH Preps Oman Terminal for Mega Containerships  (2015-05-01)  Read News
  • Industrial sector, stand out performer in Oman's commercial property market  (2015-04-28)  Read News
  • HPH to invest $303m in upgrades at OICT by 2019  (2015-05-03)  Read News
  • Hutchison accelerates development of Sohar Port's Terminal C in Oman  (2015-04-30)  Read News
  • Iran, Oman agree to launch shipping line next month  (2015-04-27)  Read News
  • Port of Sohar's OICT expansion outlined by HPH group  (2015-04-27)  Read News
  • Sohar soars  (2015-04-02)  Read News
  • Sohar Rail plans evoke interest at Expo  (2015-03-21)  Read News
  • Bank Muscat marks 10th Partners in Progress awards with gusto  (2015-03-24)  Read News
HPH to invest $303m in upgrades at OICT by 2019   [2015-05-03]
Hong Kong-based operator Hutchison Port Holdings Limited (HPH) Group is to invest a total of $303 million at its Oman International Container Terminal (OICT) to upgrade capacity to 6 million TEU by 2019. The facility is located within the Port of Sohar in the north of Oman and is currently undergoing expansion work at Terminal C, to add capacity of 700,000 TEU, as well as development of a new Terminal D that will ultimately raise throughput four-fold from the current 1.5 million TEU. “OICT is the gateway to Oman and HPH has achieved its mission to consolidate Muscat and Sohar cargo and to develop Sohar Port into a modern and efficient gateway port for the North Batinah region and the Sohar Free Zone,” Eric Ip, director of HPH said. (OICT) was formed in 2005 as a joint venture between Hutchison Port Holdings (HPH), the Government of the Sultanate of Oman, Steinweg of the Netherlands and several other Omani Investors. The development work is backed by the government as part of its wider strategy to make Oman a key gateway hub for the area by investing in technology to boost efficiency and creating strong intermodal connections from its ports. “I am pleased to note that the terminal productivity at Sohar for containers and general cargo now exceeds the previous performance that was achieved by Mena Sultan Qaboos. We are not resting at this level of performance and are targeting for higher port productivity,” Dr. Ahmed Mohammed Al Futaisi, the Minister of Transport and Communications said. The government of Oman has long recognized the economic value of its port sector and at the start of this year launched a Request for Expressions of Interest (EOI) for the lease to operate and manage the country’s first dry port as it seek s to reform regulation and attract foreign investors. “By simplifying the business regulatory environment – Oman will attract even more entrepreneurs and capital that will reduce barriers to cross border trade,” Kim Fejfer, chief executive of APM Terminals said, adding that the country’s ports were “capable of accepting the largest vessels in the world.” Located in the South Al Batinah Logistics Area (SABLA) the new dry dock project will cover 120 hectares and act as a logistics gateway for the Gulf and Middle East region. Source: The Port Finance International