Transmar

Consortium inks MoU to develop green methanol facility in Egypt

AD Ports Group, a global trade, logistics, and industry facilitator, has signed a Memorandum of Understanding (MoU) with Transmar, a leading container shipping line and terminal operator in the MENA region, and Orascom Construction, a prominent global engineering and construction contractor.

The MoU outlines the development of a green methanol storage and export facility aimed at supplying low-carbon fuel for maritime transport and establishing clean alternative energy storage solutions...

https://container-news.com/consortium-inks-mou-to-develop-green-methanol-facility-in-egypt/

AD Ports, Transmar announce new Pakistan service

AD Ports Group and Transmar International Shipping Company have launched a new container shipping service that will link the port of Karachi in Pakistan with major maritime economies of the Middle East and East Africa.

The new service will provide weekly connections for cargo linking Karachi with the region’s major ports in UAE (Khalifa), Saudi Arabia (Dammam and Jeddah), Egypt (Sokhna and Adabiya), Jordan (Aqaba), Sudan and Djibouti.

The launch of the new Pakistan route follows AD Ports Group’s a...

https://container-news.com/ad-ports-transmar-announce-new-pakistan-service/

AD Ports Group invests in Egyptian shipping firms

AD Ports Group will acquire a 70% equity stake in International Associated Cargo Carrier B.V., which wholly owns two Egyptian shipping companies, Transmar International Shipping Company (Transmar ) and Transcargo International S.A.E. (TCI).

The transaction cost is US$140 million (AED 514 million) and the acquisition will be financed entirely from AD Ports Group’s existing cash reserves.

It is important to note that the group’s cash reserves exceeded US$820 million (AED 3 billion) as of 31 March...

https://container-news.com/ad-ports-group-invests-in-egyptian-shipping-firms/