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July 20, 2021 Business 11 TUESDAY 20 JULY 2021 German economy seen returning to pre-pandemic size this quarter The total economic impact should remain limited; even though the existential impact on the retail or hospitality sectors, which have already suffered enormously under the lockdowns should definitely not be underestimated. Carsten Brzeski Chief Economist at ING Business | 13 QSE 10,696.30 -79.67 (0.74%) FTSE 100 6,844.49 −163.60 (2.35%) DOW 33,904.62 −783.23 (2.26%) BRENT $69.21 (-4.34) Hamad Port discharges heaviest ever break-bulk unit SACHIN KUMAR increase in vessels’ arrival and THE PENINSULA Hamad Port holds a major cargo handling in 2020 which share in the total cargo indicates port’s growing impor- Hamad Port, Qatar’s gateway to handling in Qatar. The port tance in regional trade. Hamad world trade, reached another handled 129,640 TEUs Port, in 2020, handled over 1.4 milestone as it discharged a containers and 103,947 million Twenty-Foot Equivalent transformer weighing 163,000 Units (TEUs) containers and kilograms which was the heaviest break-bulk cargo in June received 1,600 vessels. break-bulk unit ever handled in 2021. It also handled 5,811 According to figures released the port. units of vehicles during the by QTerminals, the Port handled “QTerminals has achieved month. Total 137 vessels had 1.4 million Twenty-Foot Equiv- another significant milestone, docked at the port last month. alent Units containers; 304, 481 successfully discharging the tonnes of bulk cargo; 1,196,559 heaviest breakbulk unit ever tonnes of general cargo; 59,443 handled in Hamad Port – a trans- vehicles; and 264,164 heads of former weighing 163,000 kgs,” announced that it had success- livestock last year. said QTerminals on its official fully handled an Ship To Ship Hamad Port is helping in twitter account, yesterday. (STS) cargo operation at its diversifying country’s economy. QTerminals is a terminal Hamad Port General Cargo Ter- Along with general cargo traffic, operating company jointly estab- minal for the first time since the the port handles a variety of spe- lished by Mwani Qatar and beginning of operations at the cialist imports including live- Milaha to provide container, port. stock, automobiles, and bulk general cargo, RORO, livestock Similarly, one of the largest grain. and offshore supply services in offshore vessels had berthed at Hamad Port has a uniquely- Phase 1 of Hamad Port. Hamad Port General Cargo Ter- A transformer weighing 163,000kgs being discharged at Hamad Port designed port control tower at “Congratulations to the ops minal berth on May 7 this year. a height of 110 metres, a team @q_terminals for a safe and A month earlier on April 29, at Hamad Port. In April, Hamad and low in carbon emissions. share in the total cargo handling customs inspection area for successful discharge of this break QTerminals had welcomed the Port accomplished another feat Hamad Port continues to in Qatar. The port handled rapid cargo clearance, a ship bulk unit - all 163,000 kgs of it!,” CMA CGM vessel MV APL as it handled container volume witness growth in cargo handling. 129,640 TEUs containers and inspection platform and mul- tweeted Neville Bissett, CEO of Temasek at Hamad Port. The of over 5 million Twenty-Foot With every passing month and 103,947 break-bulk cargo in June tiple maritime facilities, in QTerminals. Hamad Ports has vessel had a length overall (LOA) Equivalent Units (TEUs) since the year, Hamad Port’s handling of 2021. It also handled 5,811 units addition to other utilities such accomplished many feats during of 397.88 metres, a container start of operations. movement of vessels and cargo of vehicles during the month. as storage units, mosques, rest this year, despite challenging sit- capacity of 17,292 TEUs and was All equipment used at the is increasing and the port is Total 137 vessels had docked at areas, medical clinics and the uation created by the COVID-19 the longest and the highest con- Container Terminal-2 at Hamad expanding its container terminal the port last month. offices required for port outbreak. On May 25, QTerminals tainer capacity vessel ever to call Port are environmentally friendly base. The Port holds a major The Port registered an operation. Qatar’s IPI increases 6% in May GECF member countries THE PENINSULA — DOHA shifting towards less Qatar’s Industrial Production Index (IPI) for May 2021 stood at 105.8 points, showing an carbon intensity increase of 6 percent compared to the THE PENINSULA — DOHA previous month (April 2021). When compared on year-on-year basis, the IPI index has There is more than one way to increased by 1.7 percent compared to the achieve the Paris Agreement corresponding month in 2020, according to targets, and more than one way the data released by the Planning and to achieve a low carbon future. Statistics Authority (PSA). Although it is projected that The Industrial Production Index consists renewables and other uncon- of three main components: ‘Mining’ with a ventional sources of energy may relative importance of 83.6 percent, ‘Manu- gain a significant portion of the facturing’ with a relative importance of 15.2 energy supply mix in the next 30 percent, ‘Electricity’ with a relative impor- years, based on the GECF Global tance of 0.7 percent, and finally ‘Water’ with ‘Manufacture of chemicals and chemical percent, ‘Manufacture of rubber and plastics Gas Model’s (GGM) calculation, a relative importance of 0.5 percent. products’ by 5.9 percent, ‘Manufacture of bev- products’ by 16.9 percent. However, a at the GECF we believe that some The index of mining sectorsector showed erages’ by 5.3 percent, and ‘Manufacture of decrease was recorded in, ‘Manufacture of concerns may restrict the industry. As a long-lived estab- an increase by 5.9 percent compared to the food products’ by 0.4 percent. However, a beverages’ by 10.9 percent, ‘Manufacture of worldwide commitment to fully lished industry, up to now oil and previous month (April 2021), because of the decrease was recorded in ‘’ Printing and food products’ by 7 percent, and ‘Manu- substituting fossil fuels, and in gas have played a key role in the increase in the quantities of ‘crude oil reproduction of recorded media’’ by 8.8 facture of chemicals and chemical products’ particular natural gas, said Dr energy supply mix and it is esti- petroleum and natural gas’ by 5.9 percent, percent, ‘Manufacture of Cement and other by 1.2 percent. An increase of 36 percent was Hussein Moghaddam (pictured), mated to remain dominant, at while ‘Other mining and quarrying’ showed non-metallic mineral products’ by 5.3 percent, noticed in the production of ‘Electricity’ Senior Energy Forecast Analyst, least, in the next 15 to 20 years. a decrease by 3.8 percent. When compared and ‘Manufacture of rubber and plastics between May 2021 and the previous month Energy Economics and Fore- While this industry has been to the corresponding month of the previous products’ by 2.2 percent. (April 2021), comparing with corresponding casting Department. subject to massive investment year (May 2020), the IPI of Mining increased On the other hand, in terms of annual month (May 2020), an increase of 9.4 percent The GGM shows that being and development, emerging by 0.7 percent. change, comparing to May 2020, an increase was recorded. committed to carbon-neutral renewables may warrant more The index of manufacturing sector of 7.7 percent was recorded, affected by the An increase of 7 percent was noticed in targets does not sufficiently time and investment to follow in showed an increase by 5.5 percent compared following groups: ‘Manufacture of Cement the production of ‘‘Water’’ between May contribute to the greenhouse gas their predecessor industry’s to the previous month (April 2021). Manu- & other non-metallic mineral products’ by 2021 and the previous month (April 2021). (GHG) emissions reduction, if not footsteps. facture of refined petroleum products 55.3 percent, followed by ‘Manufacture of Comparing with corresponding month (May accompanied by feasible policies. Despite the advancement in increased by 7.2 percent, followed by ‘Man- basic metals’ by 29.6 percent, ‘Manufacture 2020), a decrease of 19.8 percent was Dr Hussein Moghaddam said renewables, to fill the supply gap, ufacture of basic metals’ by 7 percent, of refined petroleum products’ by 25.3 recorded. that years ago, the need to countries will ensure their discuss climate change would energy security due to unpre- not be a given as it is today. Since dictable dynamics of the energy global warming has become a sector by preserving their sup- IIA Doha Chapter bags Building Awareness Champion award major hazard for the future of the plies from conventional sources, planet, energy transmission as a among which natural gas is the THE PENINSULA — DOHA message,” said IIA President and The award is the speeds,” Wright says. “Where IT response to this concern is inev- cleanest and the cheapest. CEO Anthony J Pugliese in his result of the IIA Qatar audit was once a specialty, given itable. To limit warming to 1.5°C Second, since the global pop- The Institute of Internal Auditors letter of congratulations. member’s dedication the accumulated impact of by 2050-60, many countries ulation is rising specifically in Doha was awarded the 2021 “The award is the result of several different technologies, agreed and pledged under the urban areas, many developing Building Awareness Champion the IIA Qatar member’s dedi- to the profession. The knowledge, and use of tech- Paris Agreement to set up ambi- regions may not be able to afford award by the IIA global body.
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