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ICTSI Iraq Terminal sets new productivity record


Published February 4, 2021, 12:04 PM
International Container Terminal Services (ICTSI)’s subsidiary, Basra Gateway Terminal (BGT), last month set a new productivity record of 105 moves per hour – the highest ship-to-shore crane productivity in Iraq.
The new record, achieved this January, during the handling of the 5,652-Twenty-foot Equivalent Unit (TEU) Ever Uberty, replaced BGT’s previous record of 101 moves per hour achieved in November.
BGT recorded a total of 3,084 moves during the vessel’s January call.
BGT achieved a record 105 moves-per-hour during the handling of the Ever Uberty last 26 January.
With the continued increase in trade volumes, Phillip Marsham, BGT chief executive officer expressed enthusiasm about the new milestone. ....

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Iraq to sign $2.625 billion Grand Faw port contract with S.Korea's Daewoo


2 Min Read
BASRA, Iraq (Reuters) -Iraq’s government has agreed to sign a $2.625 billion contract with South Korea’s Daewoo Engineering & Construction (047040.KS) to build the first phase of a giant commodities port in the south of the country, a port manager said on Wednesday.
The long-planned and repeatedly delayed Grand Faw port is one of several projects that Iraq hopes will create a shorter transportation corridor between the Middle East and Europe, bypassing the Suez Canal.
Under the contract, expected to be signed on Sunday, Daewoo E&C will handle construction works that include building five berths to unload ships and a yard for containers, Farhan al-Fartousi, Iraq’s director general at the General Company for Ports, told Reuters in Basra. ....

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