Gulftainer banks on expansion for 15% growth

Sharjah-based Gulftainer has reported an 11% increase in revenue and throughput from 2.5 million TEUs in 2008 to 2.7 million TEUs in 2009, Emirates Business has reported. The growth was fuelled by an increased productivity of up to 12% in 2009, which they plan to further increase to 78% this year, Peter Richards, Gultainer Executive Director and General Manager said. The company is aiming for a 15% growth in 2010, banking on the expansions in the Sharjah terminals. Gultainer is planning to go into a third expansion of Khorfakkan container terminal, which could handle additional one million TEU.