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AD Ports heads deeper into Europe with EUR 70 mn MBS Logistics acquisition
The transaction is expected to close before the end of the year
Hormuz disruptions weighed on Adnoc Gas’ 1Q results, AD Ports had a good quarter
Adnoc Gas warned the strait’s closure could shave USD 400-600 mn off net income in the second quarter
New STS, RTG cranes delivered to Safaga terminal
Stories on our radar this morning from around the region
AD Ports expands footprint to Cameroon with 30-year Douala terminal concession
The structure gives AD Ports an effective 51% economic interest
AD Ports Group moves in on Jordan’s Aqaba Port
The agreement includes the development of a new 1.2 mn sqm Aqaba Logistics Park
AD Ports Group looks to set up shop in the DRC
PLUS: AD Ports locks in capital to finalize its Red Sea gateway at Egypt’s Safaga
AD Ports Group acquires Spain’s Balenciaga Astilleros shipyard
Balenciaga Astilleros is one of the few yards in Spain capable of building service operation vessels (SOVs)
AD Ports Group plans maritime fleet expansion to the tune of AED 955 mn
The purchases will serve its partnerships with Bangladeshi port operator Saif Powertec and maritime shipping firm KazMorTransFlot
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