GOING THROUGH A TRANSITIONAL PHASE, THE GULFTAINER

Gulftainer company limited, which is both one of the most prominent shipping businesses and port terminal handlers in the world, is now being led by peter richards, who served as the company’s managing director in the past. Gulftainer is getting ready for a period of fast development. It would seem that Peter Richards already has the appropriate strategy in place to make certain that Gulftainer is prepared for the exciting times that are yet to come. “we are bringing on board some high level and extremely experienced port sector experts to take gulftainer to the next stage,” peter richards says, describing how he intends to go forward with his new growth strategy. In addition to this, he said, I want to be able to raise my head up and look at prospects in more depth. Because there is so much that we need to do, I feel like I am running in circles right now. In response to a question about the rationale for this strategic adjustment, he jokes, “you have got to read that I am getting old, I am getting weary, and I was traveling for 220 days last year.” He says this in a joking tone. We are ramping up our operations in order to accommodate the continued development of Gulftainer and the wishes of our shareholders to keep expanding. These comments make it quite apparent what their purpose is, and in point of fact, Peter Richards has already begun putting that purpose into action. This is shown by the fact that Gulftainer has already recruited highly regarded fresh specialists to work on the project. peter ford, formerly of apm terminals, has been appointed as the group chief operational for the salalah port. In this role, he is responsible for the port’s overall operations. in addition to this, he is joined by other new young directors, such as jay new, who is the new commercial director of the firm and formerly worked for hutchison port holdings and maersk line. Richard Szuflak, formerly of CMB Port Group and Babcock & Brown, has been brought on as the new Group Director of Finance and Investment. Szuflak is yet another important individual who was recently hired to a critical position. Additionally, the corporation has just recently bought a 51 percent ownership in the saudi arabian enterprise gulf stevedoring contracting co., which will increase the overall volume to 7 million teu in 2014. Peter Richards does not want to let this opportunity slip through his fingers because gulftainer has already registered itself as the top middle east port terminal handler despite the stiff competition. This move is seen as essential because the company is eager to increase its hold on other important terminals such as khor fakkan, which is on its way to becoming a serious contender for the title of the biggest port terminal in the middle east. It would seem that Peter Richards is more than prepared to make the significant leap ahead in the times that are to come. He already has a well thought out plan that is in the process of being laboriously executed. Because to his efforts, Gulftainer will be able to establish itself as a key player once again in the very competitive terminal handling market.