AD ports

AD Ports Group hosts Iraqi delegation

AD Ports Group, a major global facilitator of logistics, industry, and trade, received a distinguished Iraqi delegation led by Razzaq Muhaibas Al-Saadawi, Iraq’s Minister of Transport, alongside prominent figures and leaders from various sectors including business, investment, and development.

The discussions focussed on several crucial projects essential for international transport, logistics services, regional economic cooperation, and mutual interest initiatives.

“The UAE is one of Iraq’s...

https://container-news.com/ad-ports-group-hosts-iraqi-delegation/

Noatum completes Sesé Auto Logistics acquisition

AD Ports-owned Noatum, which leads the company’s logistics cluster operations, successfully closed the acquisition of Sesé Auto Logistics, the Finished Vehicles Logistics (FVL) business of Grupo Logístico Sesé, for a total purchase consideration €81 million (US$88 million).

The acquisition, which was approved by all relevant European regulators and closed today (31 January), solidifies Noatum’s commitment to providing comprehensive solutions across the entire logistics value chain in the...

https://container-news.com/noatum-completes-sese-auto-logistics-acquisition/

Noatum launches new logistics brand in Middle East

AD Ports Group’s Noatum has launched Noatum Logistics Middle East, the company’s new brand in the Middle East region.

The new brand takes over from MICCO Logistics, which has served the Abu Dhabi and the GCC markets with distinction for over four decades, and which has been the freight forwarding arm of AD Ports Group’s Logistics Cluster since the company’s acquisition in 2020.

With strong ties to the natural resources sector, where it supported more than 80% of Abu Dhabi’s total oil, gas, and...

https://container-news.com/noatum-launches-new-logistics-brand-in-middle-east/

AD Ports expands shipping operations in Kazakhstan with new oil tankers

AD Ports Group, in collaboration with KazMorTransFlot (KMTF), Kazakhstan’s national shipping company, fully-owned by the national Kazakhstan oil company KazMunayGas (KMG), has announced the acquisition and commencement of operations of two state-of-the-art vessels designed for the transportation of Kazakhstan’s oil across the Caspian Sea.

A naming ceremony took place in Aktau, Kazakhstan, attended by a number of guests and dignitaries including Nurlan Nogayev, Akim of Mangistau Region; Dr....

https://container-news.com/ad-ports-expands-shipping-operations-in-kazakhstan-with-new-oil-tankers/

Noatum divests stake in Spanish firm for one-off capital gain of US$10.5 million

Noatum, which currently manages AD Ports Group’s Logistics Cluster activities, has completed the sale of its 27.9% ownership in Barcelona Container Depot Service Group (BCDS) for an equity value of €11 million (around US$11.55 million) resulting in a one-off capital gain of €10 million (around US$10.5 million).

BCDS specialises in the storage, maintenance, repair, and cleaning of dry and reefer containers, as well as ISO tanks, and operates from six locations around Spain, with the majority of...

https://container-news.com/noatum-divests-stake-in-spanish-firm-for-one-off-capital-gain-of-us10-5-million/

AD Ports reports strong financial figures in second quarter

AD Ports Group announced its financial results for the second quarter of 2023, reporting revenue growth of 66% year-on-year to US$570,000.

This significant increase was driven by volume growth in key sectors, business diversification as well as local, regional, and international expansion both organically and through merges and acquisitions, said the company.

Additionally, AD Ports Group Q2 2023 EBITDA rose by 29% to US$187 million, mainly driven by Maritime, Digital, and Ports Clusters as well...

https://container-news.com/ad-ports-reports-strong-financial-figures-in-second-quarter/

Global Fluorine Chemical Factory expands to triple its capacity from KEZAD

Khalifa Economic Zones Abu Dhabi – KEZAD Group signed an agreement with its client Global Fluorine Chemical Factory LLC (GFCF) for the establishment of phase two in KEZAD Mussafah, which aims to allow the company to triple its production capacity.

In addition to the 100,000 m² that GCFC currently occupies at KEZAD Musaffah, the company aims to invest over US$272 billion in the new facility on an adjacent plot, that spans an additional 120,000 m².

Furthermore, AD Ports Group reported that four...

https://container-news.com/global-fluorine-chemical-factory-expands-to-triple-its-capacity-from-kezad/

AD Ports secures US$2 billion corporate facility deal with banks syndicate

AD Ports Group has signed a General Corporate Facility deal with a consortium of 13 regional and foreign banks.

The multi-currency facility, worth approximately US$2 billion, is divided into three tranches of €600 million, US$620 million, and AED2.8 billion, with a term of up to 2.5 years.

The demand for the facility was overwhelming, with member institutions committing a total of US$7.4 billiofdn. The funding requirement was thus 3.7x oversubscribed, showing the banking sector’s trust in AD...

https://container-news.com/ad-ports-secures-us2-billion-corporate-facility-deal-with-banks-syndicate/

AD Ports Group signs agreements for Egyptian ports development

AD Ports Group signed several agreements to expand its presence and increase its access to ports in Egypt.

AD Ports Group and the Red Sea Ports Authority signed a 30-year concession agreement that allows the Group to develop and operate a multi-purpose terminal at Safaga Port on the Red Sea coast of Egypt.

“Safaga Port will be the first internationally operated port in the Upper Egypt region, bringing cost savings to traders, industries and businesses located in this region,” said AD Ports.

The...

https://container-news.com/ad-ports-group-signs-agreements-for-egyptian-ports-development/

AD Ports boosts both financial and container figures

AD Ports Group has announced its results for the previous year, reporting strong operating and financial performance.

First of all, the container throughput of the UAE-based operator grew to 4.33 million TEUs in the last year, representing an increase of 28% year-on-year, as the utilisation of the two existing container terminals continued to improve.

Additionally, the total net profit of the company reached around US$350 million in 2022, which is a significant increase of 53% compared with the...

https://container-news.com/ad-ports-boosts-both-financial-and-container-figures/

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