Abu Dhabi Ports sees strong H1 revenue growth

Abu Dhabi Ports Group has published its financial report for the first half of the year, recording improved results, driven by organic growth, diversification into new businesses, new leases and partnerships.

More specifically, the United Arab Emirates (UAE) port operator achieved a revenue of US$499 million, significantly increased by 21% over the first six months of the previous year.

During the same period, the Group’s Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) rose...

https://container-news.com/abu-dhabi-ports-sees-strong-h1-revenue-growth/

AD Ports Group partners with the General Company for Ports of Iraq

Abu Dhabi Ports (AD Ports) Group and the General Company for Ports of Iraq (GCPI) have signed a Memorandum of Understanding (MoU) to promote increased cooperation and investments in the transport and maritime sector in the economic zones of GCPI.

In particular, the global logistics and trade group will conduct feasibility studies to oversee the management and operations of the governmental company’s ports and other infrastructure, as well as the examination of potential investments opportunities...

https://container-news.com/ad-ports-group-partners-with-the-general-company-for-ports-of-iraq/

CMA CGM, Abu Dhabi Ports ink 35-year terminal concession deal

CMA CGM Group and Abu Dhabi Ports have signed a 35-year concession agreement for a new terminal of 1.8 million TEU capacity in the Khalifa Port.

According to the deal, the new terminal, which will cost US$154 million and will be established in the first semi-automated container port in the Gulf Cooperation Council (GCC) region, Khalifa Port, will be managed by a joint venture owned by CMA CGM’s subsidiary CMA Terminals and Abu Dhabi Ports, with 70% and 30% stake, respectively.

With construction...

https://container-news.com/cma-cgm-abu-dhabi-ports-ink-35-year-terminal-concession-deal/

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon