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AD Ports Group is expanding its fleet of vessels with the purchase of five bulk carriers and three crude oil tankers.
The five bulk carriers, representing an investment of AED 459 million, form part of the long-term agreement with Saif Powertec, signed in April 2022, for the movement of general cargo and dry bulk cargo between Fujairah port in the UAE and Bangladesh, the Indian subcontinent, South-East Asia, and other destinations.
The purchase of three crude oil tankers, with a total transaction value of AED 496 million, will form part of the seven-year vessel pooling agreement formed in December 2022 with KazMorTransFlot (KMTF), a subsidiary of Kazakh National Oil Company (KazMunayGas), for the transport of crude oil internationally.
AD Ports has also announced that Khalifa Port is to further expand its range of port and marine logistics services to include vessel repairs and maintenance, with the addition of dry dock capabilities, to better serve existing clients and attract new ones.
“We are excited to be expanding our service offering to include drydocks. This expansion is part of our ongoing commitment to provide our clients with the best possible services and solutions to meet their evolving needs, while further enhancing Abu Dhabi’s position as a leading hub for global trade in line with our wise leadership vision,” Captain Al Shamisi added.
