June 13, TOC Europe conference delegates were focused on developing countries and emerging economies. Jay New, Commercial Director, Gulftainer, pointed out in his presentation that there are huge opportunities for container growth in the Middle East, South America, Africa and East India. In these regions, a lot of general cargo commodities remain to be converted into containers yet.
He added that Russia is also a very interesting market. When counting in numbers, 4.5 mn TEU of annual container traffic divided by 140 mn people of population – this index shows the level of supply chain market.
Gulftainer is primarily involved in emerging markets. The group, established in the UAE, manages international port projects in six other countries. Now it is expected to be awarded a $65 mn tender to purchase and operate equipment for Tripoli Port in Lebanon, according to CNA. All the other bidders have chosen to exit for security fears.