Port of StocktonTelestackViganCimbriaSailors SocietyThe Wolfson Centre for Bulk Solids Handling Technology
  • Vigan
  • TOC Events
  • Port of Stockton
  • TBA Group
  • Sailors Society
  • Van Aalst

Dry bulk up 38% as Sohar registers strong results

Dry bulk up 38% as Sohar registers strong results

(Posted on 05/12/22)

SOHAR Port and Freezone has announced Strong results for the third quarter of 2022 as the Port throughput reported an increase by 32% over the same period last year.

As the rapidly growing complex continues to transform the Sultanate’s burgeoning maritime and logistics industries, dry bulk volume grew by 38% to almost 11.8 million tons, liquid bulk increased by 28% to just over 5 million tons. The number of handled containers increased by 4% to 188,604 TEU. In addition, the Port also recorded robust growth of 60% increase in Ship-to-Ship (STS) cargo given its strategic location and its reputation for delivering unmatched quality of service with quick turnaround times with our ever-growing STS Customer base.

Emile Hoogsteden, Chief Executive Officer of SOHAR Port said, “The year 2022 has been tumultuous when it comes to higher energy costs and soaring consumer food prices globally, which have led to higher marine bunker prices and an increase in shipping costs for all sectors. With that said, we have been pleased with our performance, as well as seeing throughput grow quarter on quarter, year versus year.” He added, “As we embark on 2023, we are optimistic about what the year holds for us. With the continuous support of our shareholders at Asyad Group and Port of Rotterdam, we are confident that SOHAR Port and Freezone will continue to grow and place Oman on the global trade and logistics map. We are also excited about the prospects of investments in the realm of green hydrogen, supported by the recently signed agreement between Oman and the Netherlands at COP 27, which will contribute to building the global green hydrogen value chain, as well as boost port development opportunities.”

Meanwhile, the SOHAR Freezone’s performance has been unrelenting in Q3 2022 with 11.2% increase in exports, and 4.2% increase in land occupancy compared with the same period last year. With a bespoke regulatory and incentive scheme program to attract Foreign Direct Investment, phase one of the Freezone is now occupied at over 75% capacity.

Omar Al Mahrizi, Chief Executive Officer of SOHAR Freezone and Deputy Chief Executive Officer of SOHAR Port said, added, “The growth we have achieved in 2022 to date provides a solid platform for even better results during 2023. Further expansion is planned as we continue to reach out to overseas investors about the potential of SOHAR Port and Freezone to meet their logistical needs in the region.” He added, “In line with the aims of Oman Vision 2040 and considering the financial and economic measures the government is taking, the national economy is expected to grow by 5.7 percent next year. As a key enabler of growth, we look forward to more successes and achievements as SOHAR Freezone continue to attract Foreign Direct Investments and be the home of mega-projects in the fields of manufacturing consumer goods, food and industrial supplies, while offering competitive incentives and benefits.” “In addition, and in line with its in-country-value strategy, SOHAR Port and Freezone local awarded outsourcing contracts increased by 114%.,” Omar concluded.

SOHAR Port and Freezone has attracted USD 27 billion in total investment as part of a long-term commitment to developing Oman’s economy in line with the objectives of Vision 2040. Open 24 hours a day, seven days a week, SOHAR is one of the world’s fastest-growing complexes of its kind and significant developments within its industrial and food clusters are currently underway. The company is also exploring investment in green and renewable energy to make the Port and Freezone more efficient and environmentally conscious for the benefit of tenants, clients, the community, and the environment.

Latest News

WPCAP Creates global momentum for sustainable shipping

(Posted on 27/01/23)

In addition to helping its 12 member ports decarbonize, the World Ports Climate Action Program (WPCAP... Read more


First ship of 2023 arrives at Port of Sept-Îles

(Posted on 27/01/23)

The first ship of the year, M/V Cape Alexandros, arrived at 11:00 a.m. on January 4, 2023, from Rotterdam... Read more


AD Ports MoU with Turkish private steel producer Tosyal?,

(Posted on 27/01/23)

AD Ports Group the leading facilitator of global trade, logistics, and industry, has signed a Memorandum... Read more


AD Ports Kazakhstan JV creates opportunities for bulk cargo

(Posted on 23/01/23)

In the presence of the UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, and the President... Read more


Port of South Louisiana agrees to purchase Avondale Global Gateway

(Posted on 16/01/23)

The Port of South Louisiana (Port SL) CEO Paul Matthews, has announced that it has entered into a Purchase... Read more


Bulk increases in North Sea Port’s record year

(Posted on 16/01/23)

With 73.6 million tons of cargo transhipment from maritime shipping (+7%) and 64.5 million tons from... Read more


Overall Dunkerque Port traffic grows despite Brexit and bulk decline

(Posted on 12/01/23)

Despite unfavourable economic conditions, traffic in the port of Dunkerque, the third largest port in... Read more


Schalck highlights North Sea Port record figures despite war

(Posted on 10/01/23)

North Sea Port CEO Daan Schalck has been looking back as well as forward. 2022, was a year in which... Read more


Multi-million pound deal for new de-icing salt facility

(Posted on 10/01/23)

A multi-million-pound deal has been agreed to build a new road salt storage facility to support Scotland... Read more


New CEO appointed at Pilbara Ports Authority

(Posted on 10/01/23)

Ports Minister Rita Saffioti has announced Samuel McSkimming as the new CEO of the Pilbara Ports Authority... Read more


Bühler GmbHPort of South LouisianaVan AalstCleveland Cascades LtdTOC EventsTBA Group
  • Cimbria
  • Port of South Louisiana

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping