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Overseas Port Management secures Aden terminal for another year

Overseas Port Management secures Aden terminal for another year

Aden: Overseas Port Management (OPM) has confirmed the Government of Yemen has renewed its management contract for the Aden Container Terminal (ACT) for a further fixed period. The Singapore-based independent ports and terminal operator has been managing the container terminal since November 2003, taking over when PSA International pulled out. OPM also revealed today that ACT had achieved a 26% increase in teu throughput at ACT in 2006 over 2005 with total teu throughput at 350,000 to the end of December 2006. OPM is now lobbying the Yemeni government for a 35 year concession at the port whereby it would set aside as much as half a billion dollars to expand facilities. Beside ACT, OPM is also the Project Manager of Shahid Rajee Container Terminal in Bandar Abbas, Iran, with a current annual throughput of 1.3m teu. [08/01/07]

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