{"id":83757,"date":"2025-01-15T00:00:00","date_gmt":"2025-01-15T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2025\/01\/15\/investment-shipping-and-trade-updates-from-oman-and-the-uae\/"},"modified":"2025-01-15T00:00:00","modified_gmt":"2025-01-15T00:00:00","slug":"investment-shipping-and-trade-updates-from-oman-and-the-uae","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2025\/01\/15\/investment-shipping-and-trade-updates-from-oman-and-the-uae\/","title":{"rendered":"Investment, shipping, and trade updates from Oman and the UAE"},"content":{"rendered":"

INVESTMENT WATCH-<\/p>\n

AD Ports Group to build grain terminal at Kazakhstan\u2019s Kuryk Port<\/strong>:<\/strong> AD Ports is investing some USD 30 mn into the development of Kazakhstan\u2019s Kuryk Port\u2019s Sarzha Grain Terminal gain terminal, in which it will hold a majority stake of 51%, Wam<\/a> reports. <\/p>\n

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.<\/p>\n

Background:<\/strong> AD Ports Group first partnered with the Kazakh company in August 2023<\/a>, announcing plans to potentially invest in a Kazakh grain terminal.<\/p>\n

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TRADE-<\/p>\n

DP World + AM Green link up to boost India\u2019s green exports<\/strong>:<\/strong> UAE logistics giant DP World has partnered with India\u2019s green energy producer AM Green to export 1 mn tons of green ammonia and methanol each annually, Reuters<\/a> 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\u2019s 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.<\/p>\n

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SHIPPING + MARITIME- <\/p>\n

Oman\u2019s Asyad puts LNG steamship up for sale: <\/strong>Omani logistics giant Asyad is receiving offers for a 19-year-old steam turbine vessel in its LNG fleet, Tradewinds<\/a> reports. The 147k cbm ship could attract an offer for conversion, project use, or localized regional trade, brokers said. <\/p>\n

LNG ships up for sale lately:<\/strong> 2024 was a record year for demolition sales for LNG carriers, Tradewinds<\/a> reported last week. \u201cIt is likely that 2025 will be a busy year\u2026 with all the vessels coming off long-term charters and finding it increasingly challenging to find employment,\u201d according to brokerage firm Fearnleys.<\/p>\n

OTHER STORIES WORTH KNOWING THIS MORNING<\/strong>-<\/strong><\/p>\n