October 16 - Dubai-headquartered Transworld Group and NAWAH have entered into a formal agreement to service Iraq's growing demand for imports, linking their respective shipping, logistics, marine services and port capabilities.
As part of their agreement, Transworld Group and NAWAH Port Management, NAWAH's port operations business unit, will team up to increase the flow of essential goods coming from the broader Middle East, Indian subcontinent, Far East and Southeast Asia into the port of Basra with on-carriage to commercial centres throughout Iraq.
"Iraq stands at such an important moment of time - historically and commercially - and we are keen to play a part in this phase of growth," said Ritesh S. Ramakrishnan, Transworld Group's director of strategy and business planning.
"The sheer scale and magnitude of development occurring today in Iraq, along with a growing middle class, requires logistical flows of epic proportions. Aligning with NAWAH provides Transworld Group with first-class logistics solutions and unrivaled port operations in Basra and one of the most reliable door-to-door capabilities in Iraq," explained Mr. Ramakrishnan.
Transworld Group owns and operates a fleet of 30 vessels and has offices throughout the Middle East Gulf countries, as well as India, Pakistan, Sri Lanka and the USA.
NAWAH Port Management (NPM) operates the first modernised, container terminal in the port of Basra. Along with sister company NAWAH Supply & Distribution, NPM offers door-to-door, supply-chain capabilities for cargo being transshipped into UAE's Jebel Ali Port and bound for Iraq's oil and gas fields, as well as commercial markets.
