Sohar Port and Freezone reports strong results for 2022 third quarter

Sohar Port and Freezone reports strong results for 2022 third quarter

Muscat: Sohar Port and Freezone has announced strong results for the third quarter of 2022 as the Port throughput (export & import) reported an increase of 32 per cent 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 per cent to almost 11.8 million tonnes, and liquid bulk increased by 28 per cent to just over 5 million tonnes.

The number of handled containers increased by 4 per cent to 188,604 TEU. In addition, the Port also recorded robust growth of a 60 per cent 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 the port’s 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