Hamad Port announced the addition of a new service from South Korean shipping line Hyundai Merchant Marine (HMM) to its growing network.
Hamad Port, which has seen the world’s largest shipping companies seek entry and growth in the Qatari and regional markets, berthed 171 vessels in November last year compared to 178 the previous month, according to official figures.
Operations at Hamad Port has helped bring down shipping costs by 31% despite an economic blockade imposed on Qatar by three of its Gulf neighbours, SAK Holding Group has said in its monthly real estate report.
Citing Hamad Port's “great capabilities,” modern facilities, and advanced systems, an official of Qatar Chamber said the mega project will increase volume of trade between Qatar and the rest of the world.
Hamad Port is capable of inspecting 24,000 containers per day using high-tech smart security systems installed inside the $7.4bn mega facility, an official of Qatar’s Internal Security Force (Lekhwiya) has said.
The Hamad Port is expected to benefit considerably in coming weeks as Mediterranean Shipping Company (MSC), the world's second-largest shipping line in terms of container vessel capacity, has announced its plans to operate new weekly services from and to the major Turkish port of Mersin.
The $7.4bn Hamad Port, which was officially inaugurated Tuesday, is expected to take more than 35% of the region’s trade in the next two years, Qatar’s transport minister has said.