INVESTMENT WATCH-

AD Ports Group to build grain terminal at Kazakhstan’s Kuryk Port: AD Ports is investing some USD 30 mn into the development of Kazakhstan’s Kuryk Port’s Sarzha Grain Terminal gain terminal, in which it will hold a majority stake of 51%, Wam reports.

What we know: The terminal is expected to cost around USD 50 mn to build over two phases. Phase one is slated for completion in 1H 2026 and will have a handling capacity of 570k tonnes of grain cargo annually. The second phase will expand capacity to 1.5 mn tonnes per year.

Background: AD Ports Group first partnered with the Kazakh company in August 2023, announcing plans to potentially invest in a Kazakh grain terminal.

TRADE-

DP World + AM Green link up to boost India’s green exports: UAE logistics giant DP World has partnered with India’s green energy producer AM Green to export 1 mn tons of green ammonia and methanol each annually, Reuters reports. The pair will work together to develop infrastructure to accommodate green energy across the UAE, the EU, and Far East region. The two firms will also establish port facilities at AM Green’s industrial hubs across India, as well as build refueling stations for green ammonia and methanol in Dubai, India and Southeast Asia. AM Green is looking to produce some 5 mn tons per annum by 2030 and has pledged to deliver 1 mn tons per annum of green ammonia from its Kakinada plant.

SHIPPING + MARITIME-

Oman’s Asyad puts LNG steamship up for sale: Omani logistics giant Asyad is receiving offers for a 19-year-old steam turbine vessel in its LNG fleet, Tradewinds reports. The 147k cbm ship could attract an offer for conversion, project use, or localized regional trade, brokers said.

LNG ships up for sale lately: 2024 was a record year for demolition sales for LNG carriers, Tradewinds reported last week. “It is likely that 2025 will be a busy year… with all the vessels coming off long-term charters and finding it increasingly challenging to find employment,” according to brokerage firm Fearnleys.

OTHER STORIES WORTH KNOWING THIS MORNING–

  • Textile imports in Egypt add a new entry point: Egypt’s Customs Authority will now allow the import and customs clearance of textile and related products via the October dry port. This is the second entry point added by the customs agency in 2025, following the addition of Safaga port in early January. (Al Mal)
  • Jordan + Syria resume agriculture trade: Jordan has resumed agriculture trade with Syria following a 13-year hiatus due to civil unrest. The resumption should give a boost to Jordanian exports, providing a land route to European markets via Turkey, Jordan’s Minister of Agriculture Khaled Hneifat said. (Petra)
  • Kazakhstan + Iran resume agriculture trade: Kazakhstan is resuming grain exports to Iran, nearly doubling exports to 526k tons. (Kazinform)
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