fDi Markets Newswire:

Home / Locations / Middle East & Africa / Iraq / Iraqi port receives its largest cargo vessel

Container ship berth marks Umm Qasr’s arrival on the China-Gulf Express route

The Iraqi port of Umm Qasr in late July received Taiwanese container ship the YM Wealth, the largest vessel ever to berth at the Iraq Container Terminal (ICT).

Owned by Taiwan-based shipping line Yang Ming Marine Transport Corporation, the vessel, with a capacity of 5,551 20-foot equivalent units, discharged and loaded more than 2,500 containers over the course of three days, en route to Jebel Ali Container Terminal in Dubai. The arrival marked Umm Qasr becoming part of the China-Gulf Express service, a direct connection between east Asia and Iraq.  

The ICT is operated by UAE-based private port operator Gulftainer, the first international company to establish operations at Um Qasr.  

“This is a significant moment for Iraq and Iraqi business,” said William Wakeham, director at conflict insurance and infrastructure services firm Alfagates. “According to the World Bank’s East of Doing Business Index, Iraq sits 165th of 190 countries. Time to import is one of the eight measures. YM Wealth’s deposit of 2,500 containers represents a significant milestone for the country.”

This article is sourced from fDi Magazine
fDi Magazine

fDi Markets - request a demo

fDi Markets

Crossborder investment monitor

fDi Markets - Cross border investment monitor

fDi Markets is the only online database tracking crossborder greenfield investment covering all sectors and countries worldwide. It provides real-time monitoring of investment projects, capital investment and job creation with powerful tools to track and profile companies investing overseas.

Click here to find out more about fDi Markets

Corporate location benchmarking tool

fDi Benchmark is the only online tool to benchmark the competitiveness of countries and cities in over 50 sectors. Its comprehensive location data series covers the main cost and quality competitiveness indicators for over 300 locations around the world.

Click here to find out more about fDi Benchmark

Research report

fDi Intelligence provides customised reports and data research which deliver vital business intelligence to corporations, investment promotion agencies, economic development organisations, consulting firms and research institutions.

Find out more.
Follow us on Twitter

By continuing to use this site you consent to the use of cookies on your device as described in our cookie policy unless you have disabled them. You can change your cookie settings at any time but parts of our site will not function correctly without them.