Inaugural rail cargo operation links Al Jubail to Al Riyadh
NewsFirst container shipment launched from Jubail Commercial Port to Riyadh Dry Port via a new railway link.
Jade takes two
Jade Software Corporation has signed two new contracts for its Jade Master Terminal TOS
UAE-based Gulftainer, which currently uses JMT at its Ruwais facility in Abu Dhabi, has now installed it at a facility in Umm Qasr, Iraq.
“Gulftainer is widely recognised as one of the world’s most productive terminal management companies and has aggressive global growth plans,” said Jade Software’s director of logistics, Howard Wren. “We are very pleased with the direction of our relationship with Gulftainer and the services we can offer to assist with achieving their strategic objectives.”
The second terminal is Poti Sea Port in Georgia, where JMT will be installed by mid-2011. Poti is 51% owned by the Ras Al Khaimah Investment Authority (RAKIA) which has reportedly announced its intention to sell its stake in an IPO next year.
RAKIA chief executive Khater Massaad has been quoted in local press as saying Poti is “not a strategic asset for us. If we can make money from selling something then why should we not do it?”
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