As of 2014, the State of Kuwait, a country in Western Asia, had a population of 4.1 million. The Kuwaiti dinar is the highest-valued currency in the world, as well as the world’s sixth-largest oil reserves. Unsurprisingly, this constitutional emirate has a high-income economy, and the country has no individual income tax. Ocean freight to Kuwait can benefit your export business.
The country is home to a global city-its capital, Kuwait City, which is also the political, cultural, and economic center of Kuwait.
Kuwait is the Arab world’s largest foreign investor, with $8.4 billion in FDI outflows in 2013; this is complemented by a well-developed banking system. A sizeable percentage of the country’s imports come from the United States; in 1999, the country implemented its first free-trade zone. Give your export business an edge with ocean freight to Kuwait.
40-foot containers ship 22 standard pallets; twenty-foot containers accommodate 10 standard pallets. If your shipment is equal to at least half of a 20-foot container, then a full container load (FCL) will be necessary. If your goods need to be isolated from those of other exporters to avoid any potential for damage resulting from contact, FCL is also a smart choice even for a very small shipment.
If separation of your goods from others’ is not a concern, you can choose LCL, also called groupage. This means sharing a container and paying only for the space you need. Consult iContainers for important information, including rates.
Shuwaikh Port is Kuwait’s main commercial port; it can receive vessels of drafts of up to 32 feet at high tide, and vessels of drafts of up to 25 feet at any tide. The port has 21 berths, three of which are of a depth of nearly 22 feet (berths 15,16, and 17), four of which are of a depth of nearly 28 feet (berths number 18 to 21), and 14 of which are of a depth of nearly 33 feet (berths number 1 to 14). The total berth length overall exceeds 13,000 feet.
The port of Shuaiba is about 28 miles southeast of Kuwait City, on the northeastern shores of the Persian Gulf in southeastern Kuwait. It features an oil refinery, a petrochemical plant, and a seafood-packing plant. The port is the country’s second most important commercial port, and was created to support Kuwait City’s industries. It contains dry cargo berths, a chemical tanker berth, and a small craft and barge harbor. The port features twenty berths totaling over 13,000 feet, with depths ranging from 32 to 45 feet, for containers and commercial traffic.