Egypt’s Suez Canal revenues down 40% due to Houthi attacks
CAIRO : Dollar revenues from Egypt’s Suez Canal are down 40% from the beginning of the year compared to 2023, canal authority head Osama Rabie said on Thursday,
Port of Mombasa attracts new global shipping line
MOMBASA : The Port of Mombasa is attracting global shipping lines as a result of its efficiency with a leading Korean shipping line docking at the port on
Port of Virginia becomes first USEC port powered by 100% clean energy
NORFOLK : The Port of Virginia is now powering all its terminals with electricity from clean resources and accelerating its goal of becoming carbon-neutral by 2040. By utilising
Shanghai retains the world’s busiest container port crown in 2023
SHANGHAI : The Chinese Port of Shanghai maintained the title as the world’s busiest container port in 2023 with a 3.6% increase in volumes. Container volume at Shanghai
AD Ports Group and Red Sea Port Authority Initial 15-Year Concession Agreement to Boost Cruise Touri
CAIRO : AD Ports Group, a leading facilitator of global trade, logistics, and industry today initialled a 15-year concession agreement with the Red Sea Port Authority (RSPA), to
Saudi Red Sea Authority initiates on ground inspections ahead of License Issuance
RIYADH : Saudi Red Sea Authority (SRSA), the key enabler and regulator of coastal tourism activities in Saudi’s Red Sea, has begun on ground inspections as a prerequisite
ONE Line to announce a new West India Service to call Savannah from May 2024
SINGAPORE : Ocean Network Express will launch a new containership service between Port of Savannah and West India in May 2024. The new offering will give the Georgia
AD Ports subsidiary acquires APM Terminals Castellón for $11m in Spain
RIYADH : Abu Dhabi Ports Group has expanded its operational capacity with the acquisition of Spain’s APM Terminals Castellón for €10 million ($10.93 million) through a subsidiary. The
AD Ports to invest $200 million in new Red Sea port terminal
ABU DHABI : AD Ports Group has signed a concession agreement with the Red Sea Ports Authority (RSPA) to develop and operate a new multi-purpose terminal at Safaga
A Year of Transformation : AD Ports Group Closes 2023 as a Year of Global Expansion and Enhanced Cap
ABU DHABI : In a transformative year marked by unprecedented global expansion and strategic acquisitions, AD Ports Group has further cemented its position as one of the world’s