AD Ports Group and Red Sea Port Authority sign concession deals

AD Ports Group has signed a “final and definitive” concession agreement with the Red Sea Ports Authority (RSPA) to develop, operate and manage three cruise terminals at Safaga, Hurghada and Sharm El Sheikh ports. The group is expected to invest US$ 4.7 million over the next 15 years to cover management and operations of the three cruise terminals, all of which are due to be operational in 2025.

Furthermore, AD Ports Group and the General Authority of the Suez Canal Economic Zone (SCZONE) have...

https://www.themaritimestandard.com/ad-ports-group-and-red-sea-port-authority-sign-concession-deals/

AD Ports Group to identify maritime development opportunities in Madagascar

Mohamed Eidha Al Menhali, Regional CEO of the AD Ports Group, and Josielle Rafidy, General Manager of the Economic Development Board of Madagascar, at the signing of a memorandum of understanding on exploration of maritime development opportunities in Madagascar, May 30, 2024

UAE port operator the AD Ports Group and the Economic Development Board of Madagascar have entered into a memorandum of understanding (MOU) regarding the identification of commercial opportunities across the maritime, industry, and logistics sectors in Madagascar. Under the terms of the MOU, both...

https://www.bairdmaritime.com/shipping/ports/ad-ports-group-to-identify-maritime-development-opportunities-in-madagascar/

Italian shipbuilder opens Saudi Arabia subsidiary

Pierroberto Folgiero, Fincantieri's CEO and Managing Director, speaking at the Fincantieri Industrial Conference recently held in Saudi Arabia

Italian shipbuilder Fincantieri has established a new subsidiary in Saudi Arabia to expand its reach to customers in the cruise, offshore, and maritime security sectors. Fincantieri Arabia will promote Fincantieri’s capabilities in shipbuilding, maritime equipment and systems, and naval logistic support services, including training and simulation. The subsidiary will also coordinate stakeholder relationships in Saudi […]

The post Italian shipbuilder opens Saudi Arabia subsidiary appeared first...

https://www.bairdmaritime.com/security/naval/naval-ships/italian-shipbuilder-opens-saudi-arabia-subsidiary/

Two more bodies recovered following Danube River vessel collision

Wreckage of a motor launch that was struck by a cruise ship in the Danube River in Hungary on May 18, 2024. The incident left at least four people dead.

Police officials in Hungary have reported the recovery of the bodies of two more victims of a collision incident involving a river cruise ship and a small motor launch in the Danube River late last week. All four confirmed fatalities were occupants of the motor launch that collided with a cruise...

https://www.bairdmaritime.com/passenger/cruise/two-more-bodies-recovered-following-danube-river-vessel-collision/