Container
shipping is vital to the growth of international commerce.
Worldwide container volumes are growing at about 8 –
10% p.a. and currently exceed 100 million Tons (twenty-foot
equivalent units), of which some 5 million Tons are presently
handled in the UAE. PSA ADEN's investment in Aden will bring
the Port at least 1.5 million Tons of capacity. Container
transshipment between ships from the Far East and the West
at a middle-distance location makes economic sense for shipping
companies. The Port of Aden is ideally situated to serve this
need since it saves ships 1,550 miles versus lower Gulf ports.
With demurrage costs for the latest generation container ships
running up to $100,000 per day, the Port of Aden’s attractiveness
to international shipping is clear. |