Middle East

Gulftainer wins first American terminal concession

Dubai: Terminal operator Gulftainer, a wholly-owned subsidiary of United Arab Emirates-based Crescent Enterprises, has won its first terminal concession in North America. Gulftainer has won a 35-year contract to operate a terminal in Port Canaveral in Florida.

The UAE company will invest up to $100m on the new port with an aim of creating a 700,000 teu a year facility.  [25/06/14]

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