• Home
  • News
  • COSCO SHIPPING Ports and Abu Dhabi Ports inaugurate CSP Abu Dhabi Terminal
  • 2018 December 11 13:02

    COSCO SHIPPING Ports and Abu Dhabi Ports inaugurate CSP Abu Dhabi Terminal

    COSCO SHIPPING Ports Limited, a leading port operator in the world, held  the inauguration ceremony for the CSP Abu Dhabi Termina with Abu Dhabi Ports  during a high- level event at the  Khalifa Port, Abu Dhabi, Abu Dhabi Ports said in a press release. The Terminal  was formally inaugurated at a ceremony at Khalifa Port. 

    CSP Abu Dhabi Terminal is the first international green -field subsidiary of COSCO SHIPPING Ports;  water depth of the semi -automat ic terminal is 16 .5 metres  which allow it to accommodate mega - vessels typically in excess of 20 ,000 TEU. With an annual design capacity of 2.5  million  TEU, the terminal will begin trial operations in April 2019 with 1.5 million TEU handling capacity, and will  gradually ramping up the volume until the official operations scheduled to commence  in the third  quarter of 2019.  Total capex made by CSP in the terminal  was US$300 million, which includes  the largest Container Freight Station (CFS) in the Middle East covering 275,000 square meters.

    This state -of-the -art facility is the first of its kind in the region to be semi -automated with facilities for full and partial bonded container shipments, the full range of container packing services, short -term warehousing for  deconsolidated cargo as well as easy connectivity with container terminals in Khalifa Port. 

    China is the UAE's largest non -oil trade partner. In 2017, bilateral trade between the two countries increased by 15 per cent to more than US $5 3 billion, representing 14.7  per cent of the UAE's total  foreign trade.  During the same period the UAE accounted for nearly 30 per cent of total Chinese  exports to Arab countries and about 22 per cent of total Arab- China trade. Bilateral trade is  expected to increase to US$70 billion a year by 2020.  The new terminal will also ease the way for companies seeking to establish, expand or enhance  their trade by using local manufacturing, warehousing or logistics operations within Abu Dhabi and,  through them, service regional, Middle Eastern, African and international markets. 

    In addition to  attracting investors from Eastern Asia, it will increase Khalifa Port’s competitiveness and act as a catalyst for investment by foreign companies to set up in the free zone of Khalifa Industrial Zone Abu Dhabi (KIZAD), the region's largest industrial, manufacturing and logistics hub and free zone.  KIZAD, which comprises 410 square kilometres, has to date attracted more than 200 tenants and  AED 65 billion (US$17.7 billion) in investment. So far, a total of 19 Chinese companies have signed  lease agreements for land in the demonstration zone established within the Khalifa Port Free Trade  Zone in August 2017 by the Chinese Jiangsu Provincial Overseas Cooperation and Investment  Company (JOCIC). CSP Abu Dhabi Terminal is part of Abu Dhabi Ports ’ five -year  growth  strategy to increase Khalifa  Port,  with its  two container terminals,  to  a  combined  total capacity of 9.1 million TEUs.  The  addition of CSP Abu Dhabi Terminal has  already  moved  Khalifa Port up from being the 89th largest  container port in world rankings to within the top 25.

    About COSCO SHIPPING Ports

    COSCO SHIPPING Ports Limited is a leading ports operator in the world; its  terminal portfolio covers the five main port regions in Mainland China, Southeast  Asia, Europe, the  Mediterranean and the Black Sea. As at 30 September 2018, CSP operated and managed 282  berths at 36 ports worldwide, of which 192 were for containers, with a combined annual handling  capacity of 104 million TEU. In terms of its total throughput in 2016 and 2017, CSP ranked no.1 in  the world by Drewry Maritime Research.

    COSCO SHIPPING Ports has adopted "The Ports for ALL" as its mission and is working towards  building a global terminal network with controlling stake that offers linkage effects on costs,  services and synergies, a synergistic platform that offers mutual ben efits to all in the shipping  industry, connecting global routes and becoming truly "the ports for all people".  The controlling shareholder of COSCO SHIPPING Ports is COSCO SHIPPING Holdings Co., Ltd. and its  ultimate parent company, China COSCO Shipping Corporation Limited is the largest integrated  shipping enterprise in the world.

    About Abu Dhabi Ports

    Established in 2006, Abu Dhabi Ports, is the operator and manager of commercial and community  ports within the emirate of Abu Dhabi, in addition to the Port of Fujairah, as well as the trade and  logistics hub,  Khalifa Industrial Zone Abu Dhabi (KIZAD) , in which  Khalifa Port Free Trade Zone attracts direct investments to over 100 km2 of free zone opportunities, the largest in the Middle  East region. Inaugurated on Dec 12, 2012 by President of the UAE, HH Sheikh Khalifa bin Zayed Al  Nahyan,  Khalifa Port  is the flagship port of Abu Dhabi Ports and is considered to be the first semi - automated container port in the region. 

    Abu Dhabi Ports’ subsidiaries include  Abu Dhabi Marine Services “SAFEEN” , providing a  comprehensive range of marine, navigational and ancillary quayside services as well as VTS  Services and fleet maintenance in a safe, secure and efficient manner;  Maqta Gateway,  which  operates an innovative port community system, facilitating online information flow between all the  port stakeholders and customers; and  Abu Dhabi Cruise Terminal, the first permanent cruise  terminal in the region. To meet the increasing demand of cruise liners and passengers,  Sir Bani Yas  Cruise Beach  was developed, offerings cruise ship passengers a new beach destination with  unmatched tourism experiences. Additionally, Abu Dhabi Ports also manages the  Maritime  Training Centre  at Musaffah Port.




2021 December 6

18:37 The Port of Bergen changes the name of the Hurtigruten terminal
18:22 Preliminary results of Volga Basin cargo traffic – 41.39 million tonnes
18:14 Equinor invests in battery storage company
17:55 ENGIE and Masdar form US$5 billion strategic alliance to drive UAE’s green hydrogen economy
17:38 Moody’s upgrades Global Ports’ rating to Ba1 with stable outlook
17:16 Solstad Offshore announces long-term contracts in Brazil
16:44 Port of HaminaKotka cargo turnover in 11M’2021 fell by 1.5%
16:20 TezMedz and Tabiyat.pk signs contract with Maersk for integrated cold chain solutions
16:05 “K” Line obtains VSPS regarding Australian quarantine for car carrier
15:55 LR and InterManager share new insights into the causes of lifeboat accidents
15:50 Sea Port of Saint-Petersburg upgrades its infrastructure
15:14 Diana Shipping announces the acquisition of a resale new-building Capesize dry bulk vessel
14:57 Arctia’s IB Otso sets off for the Bay of Bothnia as the season’s first icebreaker
14:35 Cargo traffic within Azov-Don Basin of Russia’s IWWs fell by 14.2% in 2021
14:03 Jan De Nul receives the transport & installation for Vesterhav Nord & Syd wind farm in Denmark
13:48 Onezhsky Shipyard lays down sixth crab catching ship for Russian Crab Group
13:16 DOTr, PPA unveil P316 million Zamboanga port expansion
12:42 Cargo transportation by Volga-Don Canal decreased by 10.6% in navigation season 2021
12:14 New technology risks must be tackled despite decade of progress in ship safety, warns DNV
11:57 Сruise ship Peotr Veliky made first technological voyage
11:38 Mohammed bin Rashid and Mohamed bin Zayed launch UAE Rail Program
11:14 IAA PortNews’ summary of previous week news
10:51 MABUX: No firm trend on Global bunker market on Dec 06
10:20 New shipyard for large-capacity facilities should be built in Russia – opinion
09:29 Crude oil market sees recovery of prices
09:12 Baltic Dry Index as of December 3

2021 December 5

15:03 GasLog Ltd. places order at DSME for four 174000m3 gas carriers
13:27 USCG holds annual SaR exercise off Maui
12:33 Port of Felixstowe tops 100 million TEU
11:51 Vuosaari fairway deepening project completed on schedule, safely and under budget
10:47 New regional technology clusters in WA and Qld driving growth in Australia’s hydrogen sector

2021 December 4

15:21 MOL and Flotation Energy to explore offshore floating wind in Japan
14:51 Sembcorp Marine's LMG Marin to design world’s first zero-emission fuel tanker
13:09 USCG, royal Turks and Caicos Islands Police Force sign MOU
12:34 The Hurtigruten terminal has been renamed Jektevik terminal
11:02 Port of Rotterdam Authority embarks on partnerships with three promising maritime companies

2021 December 3

18:26 Hydrographic Company set to establish Center of Engineering and Technical Expertise
18:07 ABP Humber complete oil spill incident management exercise
17:52 Wärtsilä OPTI-DP Engagement Tool supporting the marine industry to configure optimised propulsion arrangements for DP vessels
17:45 Ocean Network Express conducts a joint crisis management drill with Seaspan Corporation
17:40 Transport Strategy of Russia until 2030 with forecast until 2035 published on official portal
17:22 MSC adds Hamburg to its feeder service „Baltic Loop 3“
17:02 Vyborg Shipyard launches KMT01 trawler named Kara Sea
16:32 South African minister visits Port of Rotterdam to discuss hydrogen exports
16:05 PD Ports contracts Konecranes to convert four RTGs to electric
15:31 Four Jones Act CTVs built to ABS Class to support U.S. offshore wind development
15:17 ABS, NYK, MTI and WinGD team-up to verify design with modeling and simulation
14:03 Jurong Port joins the Castor Initiative
13:30 ABS awards sustainability notations to two Harvey Gulf vessels
13:04 Kapitan Dranitsyn and Admiral Makarov icebreakers reinforced icebreaker group on NSR
12:57 Royal IHC delivers key components for “R.B. Weeks” to Weeks Marine
12:42 Icebreaker assistance season begins in White Sea waters
12:17 Sailing practice of 2021 on Mir sailing ship successfully completed
11:21 NCSP Group's consolidated revenue for 9M’2021 rose by 9.3%
10:53 Foreign contractors can be involved to build LNG-powered icebreakers for Arctic
10:38 MABUX: Bunker prices may demonstrate multidirectional changes with tendency to grow on Dec 3
10:29 The Korean Register publishes guidance for containers loading on bulk carriers
10:20 MSU-1 to perform reconstruction of Gorodetsky hydrosystem locks
09:57 Annual repair dredging in Gulf of Ob from 2023 estimated at 5 million cbm
09:35 Crude oil prices rise on OPEC+ decision to keep oil output increase in January