{"id":75100,"date":"2023-11-27T00:00:00","date_gmt":"2023-11-27T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2023\/11\/27\/ad-ports-eyes-usd-2-bn-acquisition-of-indonesias-meratus-container-shipping-line\/"},"modified":"2023-11-27T00:00:00","modified_gmt":"2023-11-27T00:00:00","slug":"ad-ports-eyes-usd-2-bn-acquisition-of-indonesias-meratus-container-shipping-line","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2023\/11\/27\/ad-ports-eyes-usd-2-bn-acquisition-of-indonesias-meratus-container-shipping-line\/","title":{"rendered":"AD Ports eyes USD 2 bn acquisition of Indonesia\u2019s Meratus container shipping line"},"content":{"rendered":"

Abu Dhabi Ports (AD Ports)<\/a><\/strong> is in serious talks to acquire Indonesian logistics and <\/strong>coastal container shipping company <\/strong>Meratus<\/a><\/strong>, the Loadstar<\/a> reported, citing sources from industry tracking platform Linerlytica<\/a>. July had seen reports that Meratus was seeking a sale at a USD 2 bn valuation, with wide interest from prospective buyers, Bloomberg<\/a> had reported. AD Ports has emerged as a favorite for the sale as the Abu Dhabi-based port operator looks to expand vertically, the Loadstar said. <\/p>\n

The acquisition will expand AD Ports\u2019 operations to Indonesia: <\/strong>\u201cMeratus operates two terminals in Indonesia (Jakarta and Surabaya) so it would extend AD Ports\u2019 footprint,\u201d Linerlytica analyst Tan Hua Joo told the Loadstar. \u201cOtherwise, Meratus\u2019s shipping and logistics operations are almost entirely focused on Indonesia, so there\u2019s little synergy with AD Ports\u2019 existing operations.\u201d <\/p>\n

AD Ports already has a maritime shipping arm:<\/strong> The company\u2019s Safeen Group operates the world\u2019s third largest container shipping line with a 100k TEU capacity, according to the company website<\/a>. AD Ports is also hoping to close<\/a>the purchase of an 80% stake<\/a> in Dubai-based container shipping company Global Feeder Shipping<\/a>.<\/p>\n

T<\/strong>his will be the third AD Ports acquisition this year:<\/strong> July saw the port operator acquire a 100% stake<\/a> in Spanish logistics outfit Noatum after receiving regulatory approval. Last month<\/a>, Noatum also moved to acquire Spanish trucking company Ses\u00e9 Auto Logistics. The move is subject to regulatory approvals and is expected to be finalized in 1Q 2024. <\/p>\n","protected":false},"excerpt":{"rendered":"

The buy will support AD Ports\u2019 drive for vertical integration in the maritime supply chain<\/p>\n","protected":false},"author":1,"featured_media":75101,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[941],"tags":[670,17,137,123,129],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-75100","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-asia","tag-enterprise-logistics","tag-ma-watch","tag-shipping-maritime","tag-uae","wpautop","entry"],"acf":{"mongo_id":"f954a206-b564-4c7b-9e1d-0d37768359e3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/11\/1260.jpg","photo_position":"above","homepage_title":"","full_issue_title":"AD Ports eyes USD 2 bn acquisition of Indonesia\u2019s Meratus container shipping line","related_issue":[75088],"teaser":"The buy will support AD Ports\u2019 drive for vertical integration in the maritime supply chain","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/11\/.b0980ed4-5179-4c90-ac71-015d2c1912f6.mp3"},"yoast_head":"\nAD Ports eyes USD 2 bn acquisition of Indonesia\u2019s Meratus container shipping line - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/logistics\/2023\/11\/27\/ad-ports-eyes-usd-2-bn-acquisition-of-indonesias-meratus-container-shipping-line\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AD Ports eyes USD 2 bn acquisition of Indonesia\u2019s Meratus container shipping line\" \/>\n<meta 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