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Simatech Plans to expand Mogadishu port with an investment of US$ 70 Million
Saturday, June 15, 2013
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“Simatech is fully registered in UAE and in Singapore, with partners being a Singaporean and a UAE national. It is one of the largest feedering players in Asia with more than 1.5 million TEU lifted in 2012.
With its head office based in Dubai since 1992 and key regional offices in Singapore and Mumbai, Simatech focuses on the East-West trade, providing feeder services to ports in the Middle East, India Subcontinent, Asia and East Africa. Company’s fleet under operation grew from 17 vessels in 2008 to 36 vessels today.
After a concession contract with Mogadishu port, Simatech launched a first container service toMogadishu through Jebel Ali in January 2013, which links Mogadishu and Somalia through the regional gateway with the entire world. This new container service of Simatech has come as a great relief to the importers and exporters of Somalia as they are able to transport their cargo safely and speedily. It is a significant step that will support the further development of the Somalian economy, which in the longer term will address the problem of piracy by providing a livelihood for Somalians.
Sima Marine is a local entity registered in Mogadishu with partnership of Somali nationals. The set up provides professional liner agency and logistics services to top shipping lines, NGOs and aid agencies. This office hires, trains and promote local talent through experienced and skilled trainers from overseas with the help of local partners. It is the first shipping agency in Mogadishu with dedicated liner agency software integrated with terminal and shipping lines software to meet all needs of fast paced shipping.
Mogadishu Port Container Terminal (MPCT) is a corporation duly organized and existing under the laws of the Somalian Government engaged in port operations and at present operating the Mogadishu Port. It has been only six months since the contract to exclusively handle containers in the Mogadishu Port was awarded to MPCT, but in this short period MPCT has grown into a productive and praised port operator in the region. Thanks to the Somalian Government and its people the Mogadishu Port is once again recognized as the key center for international trade in the country.
With its well established reputation of efficiency, reliability and professionalism in dealing with its customers, MPCT has a bright future ahead and will continue to participate at the forefront of the regional growth.
Future plans of Simatech at port of Mogadishu include port expansion with an investment of US$ 70 Million and it will be initiated on the approval of Somali Government. Simatech also plans to set up a merchant marine academy in Mogadishu to train local youth as skilled seafarers through qualified trainers from abroad in order to create employment opportunity in worldwide shipping companies.
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