AD Ports Q1 net rises 18pc to $99m; revenue soars 73%
ABU DHABI : AD Ports Group has announced a strong set of first-quarter results with net profit rising 18% to AED363 million ($99 million) and revenue soaring 73% to AED1.82 billion, driven by the
DP World inks agreements with China’s Ningbo-Zhoushan Port and Zhejiang Seaport
DUBAI : Dubai’s state-owned DP World signed agreements with China’s Ningbo-Zhoushan Port and Zhejiang Seaport on Friday, to cooperate on automobile industry chain services and logistics. Ningbo-Zhoushan said it will boost the deal as part of
PSA Sines welcomes largest Container Vessel in Portuguese history on its maiden voyage
SINES : The Liberian container vessel MSC TESSA set a milestone record by calling at the Port of Sines in Portugal on 14 April 2023, during its maiden voyage. The third largest vessel in
Shipping starts on the Chittagong-Dubai route
DHAKA : Shipping has recently started in the Chittagong-Dubai route even as part of its debut journey, a ship carrying 121 export containers from Bangladesh left Chittagong Port recently to Jebel Ali port in
First fully electric straddle carrier starts operations at Port of Antwerp
ANTWERP : MSC PSA European Terminal (MPET) launched a new fully electric straddle carrier (e-straddle carrier) at its terminal in the Port of Antwerp. That was part of the joint Green Straddle Carrier Program
New partnership between Ports of Rotterdam and Pecém to strengthen Brazilian-Dutch relations
ROTTERDAM : A new partnership was formed by 27 parties operating in the Ports of Rotterdam and Pecém, which are located in the Netherlands and Brazil respectively. The aim of this agreement is to
China Harbour Engineering Company secures Cambodia port project
BEIJING : China Harbour Engineering Company (CHEC) has been contracted to construct a multi-purpose port in Cambodia. CHEC has signed the contract with Kampot Logistics and Port Company to build a seaport in southwestern
Dubai unveils World’s Largest Ocean Restoration and Ecotourism initiative
DUBAI : Dubai Reefs comprises a sustainable floating community dedicated to marine research, ecotourism, and regeneration. The assignment includes residential, retail, hospitality, educational, and research facilities. Dubai Reefs is the world’s largest Ocean Restoration