Salalah Port reports 20% drop in 2013 earnings

March 3, 2014 1:14 am

Salalah Port Services Co, the second largest transshipment terminal in the Middle East, has posted a 20% year-on-year drop in net profit for the year 2013 to OR5.66m for 2013, compared with OR7.08m for the previous year, Muscat Daily has reported. The decline was mainly due to lower container volume handled at the port during 2013, the company said. The port, however, recorded historical new highs in volumes handled at its General Cargo Terminal (GCT), which offset a decline in Container Terminal (CT) transshipment volume handled during 2013. The GCT registered a record throughput of 7.94 million tonnes at the end of 2013, compared with 7.25 million tonnes in 2012, resulting in a growth of 9.5%.