UAE

Safeen joins tanker pool

Safeen Feeders, part of the AD Ports group, has joined the Stena Sonangol Suezmax Pool, a joint venture between Stena Bulk, and the Angolan state-owned oil company, Sonangol. One of Safeen’s vessels, Safeen Elizabeth, a 2011-built 158,000 dwt Suezmax tanker, was recently deployed in the pool, which currently consists of about 20 Suezmax tankers. 

According to a statement from Safeen Feeders, “We believe that entering Safeen Elizabeth into the pool will help to strengthen our global network and...

https://www.themaritimestandard.com/safeen-joins-tanker-pool/

DP World India launches dedicated Mundra rail service

DP World India has started a dedicated rail freight service linking the Sachana-Ahmedabad Inland Container Depot (ICD) to the port of Mundra. Operating twice weekly, every Tuesday and Friday, the new service aims to support exports and imports moving to and from Ahmedabad and surrounding regions by offering a specialised train service, with an assured transit of 24 hours. 

This initiative is expected to result in approximately a 65% reduction in CO2 emissions. Furthermore, cargo owners utilising...

https://www.themaritimestandard.com/dp-world-india-launches-dedicated-mundra-rail-service/

Al-Faw deal signed by AD Ports

AD Ports has entered into an important preliminary agreement with the General Company for Ports of Iraq (GCPI) to establish a joint venture to develop Al-Faw Grand Port and its economic zone. The agreement also sets a framework for the potential investment, management and operation of other ports, economic zones and related infrastructure, in Iraq.

The new joint venture is set to bring together the expertise of both entities to attract international terminal operators, foster trade relations and...

https://www.themaritimestandard.com/al-faw-deal-signed-by-ad-ports/

The Maritime Standard Transportation & Climate Change Conference

We are pleased to announce the staging of the second The Maritime Standard Transportation and Climate Change Conference (TMS TACCC), which is taking place on Thursday, 26th September 2024, at the high quality Saadiyat Rotana Resort, Saadiyat Island in Abu Dhabi.

TMS TACCC is a prestigious event that brings together industry leaders, experts, and innovators to address one of the most critical challenges of our time: climate change caused by the transportation sector. Join us to discover the...

https://www.themaritimestandard.com/the-maritime-standard-transportation-climate-change-conference-5/

Folk Maritime announces new service between Jeddah and North Red Sea

Independent feeder operator Folk Maritime has launched a new service connecting the Saudi ports of Jeddah, Neom and Yanbu to the Red Sea ports of Sokhna and Aqaba. This new weekly service, which will start in April 2024, will be maintained by two vessels and will be based around transhipment at one of two Jeddah container terminals. 

Folk Maritime will operate the service in partnership with the leading containership owner and operator, CMA-CGM, with each partner providing one vessel on the...

https://www.themaritimestandard.com/folk-maritime-announces-new-service-between-jeddah-and-north-red-sea/

Republic of the Marshall Islands maintains quality fleet recognition

One of the fastest growing flag states, with a strong presence in the Middle East, The Republic of the Marshall Islands (RMI) Registry’ has once again achieved the United States Coast Guard’s (USCG’s) QUALSHIP 21 status, marking 20 consecutive years that it has done so. The RMI is the only Registry in the world with such a long term safety recognition, the result, it says of a strong commitment to compliance, technical support and customer service. 

“Compliance is very important to us as a...

https://www.themaritimestandard.com/republic-of-the-marshall-islands-maintains-quality-fleet-recognition/

ADIB funds VLGC acquisitions

Abu Dhabi Islamic Bank (ADIB) has closed a sharia compliantsyndicated transaction totalling AED 865 million (US$ 235 million) to enable BGN and Al Seer Marine to finance three new very large gas carriers (VLGC). This financing marks the second tranche of a larger syndication amounting to US$ 370 million, which will be used to finance the construction of these vessels in South Korea and Japan.

ADIBacted as the lead arranger and was supported by a number of other financial institutions,...

https://www.themaritimestandard.com/adib-funds-vlgc-acquisitions/

Pharmatrade launches Kezad logistics centre

Khalifa Economic Zones Abu Dhabi (Kezad) and UAE-based Pharmatrade have marked the opening of the pharmaceutical company’s Abu Dhabi Logistics Centre. Through this new facility, the company plans to ramp up the storage and distribution of its range of pharmaceutical and medical device products to better serve the UAE’s healthcare sector.

The expansion of its business over the last 13 years, since the opening of the initial Logistics Centre in Dubai Investment Park 1, prompted Pharmatrade to...

https://www.themaritimestandard.com/pharmatrade-launches-kezad-logistics-centre/

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