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Port Sultan Qaboos net profit up 6.6% in 1H of 2014

: Wednesday, August 06 - 2014 @ 03:46

The Port Sultan Qaboos (PSQ) has achieved a 6.6% increase in net profit for the first half of 2014 at OR3.88m, over the same period of last year, Times of Oman has reported. The port witnessed a 2.8% growth in number of vessel calls at 745, mainly driven by an increase in conventional vessels carrying cargo for various ongoing projects and container vessels. In addition, 641 vessels called at anchorage for non-commercial reasons as compared to 758 last year. The growth in economic activities in Oman has resulted in the increase in the volume of imported cargo by 7.3% over last year. The number of containers handled was marginally lower by 0.2% as a result of the Government’s plan of shifting container and commercial operations out of PSQ to Sohar Industrial Port. The volume of exports registered rose by 5.5%. The total number of vehicles imported was substantially higher by 52.6% compared to last year as a result of significant stock piling by the local importers.

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Wednesday, August 6- 2014 @ 3:46 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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