Print
PDF
The AD Ports subsidiary, Safeen Feeders, has signed a long-term agreement with Saif Powertec of Bangladesh to facilitate trade and cargo transportation services from Fujairah to Bangladesh over a period of 15 years. As part of the collaboration arrangements, Safeen Feeders is expected to provide eight 55,000 dwt Supramax bulk carriers, which will be offered on a bareboat or time charter basis, to Saif Powertec for the movement of general and dry bulk cargo between Fujairah and port facilities in Chattogram and Mongla in Bangladesh. Additionally, the new bulk shipping service will also oversee cargo operations to the Indian subcontinent, Southeast Asia and other global destinations.
Captain Maktoum Al Houqani, Chief Executive Officer – Maritime Cluster, AD Ports Group, said: “Our newest collaboration with Saif Powertec not only introduces a new offering for customers that is a fast and low-cost service for their dry bulk shipping needs, but will also have a tremendous impact on maritime trade across our combined spheres of influence. Saif is well-positioned to accelerate the trade of dry construction materials between the UAE and Bangladesh, along with other dry cargo goods to key markets across the region and beyond.”
Further areas of potential collaboration involving Saif Powertec include the leasing of berths and potentially jetties to develop and improve cargo operations, along with the adoption of warehouse storage solutions offered by AD Ports Group. The scope of the agreement also covers future areas of collaboration to jointly develop and invest in the maritime infrastructure and projects of Bangladesh and the United Arab Emirates.
