Fujairah commissions new terminal
According to a newspaper report Fujairah port is set to commission an 820-metre terminal by early 2005 capable of increasing the areas fuel bunker capacity.
Fujairah port is set to commission an 820-metre terminal by early 2005 that will be able to accommodate two vessels up to 180,000 dwt or a Suezmax tanker, a report in the Gulf News claims.
According to the newspaper Captain Moosa Murad, general manager of Fujarah Port, has stated the new terminal and onshore bunker storage facility is generating a lot of interest among potential investors from across the world, but would not be drawn on where the interest was from.
"Fujairah Port has received lots of inquiries, but we are very selective and will decide soon about the new entrants," Murad was quoted as saying.
The Eastern Emirate port is set for many changes over the coming months with a number of new onshore oil and bunkering storage facilities coming up.
Fujairah port currently receives around 6,000 vessels every year, of which nearly 80% call at the port for bunker fuel. And yet whereas the extent of business revolves around its dealings with fuel - of which the port handles around 11.5 million tonnes annually - Fujairah has just seven companies engaged in the bunkering business, compared with other ports such as Singapore. Murad sees this is an advantage though.
"With the small number, we are able to manage things better. We know the issues concerning each company and can also address these properly," he says.
According to Murad, Fujairah is aiming to become the leader in the bunker industry and so has places greater emphasis on overall quality.