AD Ports Group has acquired five bulk carriers and three crude oil tankers valued at Dhs955m (USD 260m) to expand its commercial shipping capabilities.
Strike action by the South African State-owned Transnet rail, port and pipeline company is impacting logistics, supply chains and the country’s reputation.
Transnet: The force majeure declared in the automotive, bulk and multi-purpose terminals at its South African port operations has been withdrawn with immediate effect.
AD Ports gains 70% stake in two Egyptian maritime companies for USD 140 million in the company’s first international acquisition.
AD Ports Group has signed an agreement with the Egyptian Group for Multipurpose Terminals to develop Egyptian ports.