Oman's Sohar port unaffected by nearby protests over job cuts: traders
25th May 2021 12:08 GMT

Oman’s Sohar port was unaffected by the nearby protests carried out after job cuts related to a local company that went bankrupt, traders told S&P Global Platts on May 25.

Sohar is a key port close to the UAE and also houses plants producing aluminum and steel. Port and bunkering activities were unaffected by the rare job protests, a trader said, adding: "There are some scattered protests in Sohar but mainly outside the port area." Attempts to reach Sohar Port and Freezone for comment were unsuccessful.

Most of the bunkering activity in the country is carried out in Muscat, followed by Salalah and Sohar. Bunkering planned in Duqm is expected to be in operation in three months, a trader said, noting that barge and terminal facilities are under construction. "In terms of prices, Duqm will not compete against Fujairah, but it will give shipowners an option to bunkering here while avoiding the already congested Strait of Hormuz,” the trader said. Fujairah on the UAE's east coast is the world's third largest bunkering hub.

The Sohar Port and Freezone reported on May 23 that 2020 throughput at the port climbed almost 5% to 65.4 million mt, with gains across containers, breakbulk and liquid bulk while free zone exports rose 3.8%. Oman is part of the OPEC+ alliance that is easing crude production cuts as some economies recover from the pandemic. Petroleum activities accounted for 31% of Oman's GDP in 2020, down from 35% in 2019, according to government data.

Bunkerworld .,
25th May 2021 12:08 GMT