The Infrastructure Of Speed And Resilience
20.12.2022
The Kingdom of Saudi Arabia has set out on the path to rapid transformation in its pursuit to diversify away from an economy which is over-dependent on oil. Driven by the ambitious ‘Saudi Arabia Vision 2030’ and powered in large part by lucrative revenues from high oil prices, the Kingdom has announced a series of mega-projects, development plans and initiatives, which are unparalleled in scale and unprecedented in what they aim to achieve and deliver.
As recently as October, 2022, His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Prime Minister and Chairman of the Council for Economic and Development Affairs, announced the launch of the Global Supply Chain Resilience Initiative (GSCRI). Under the GSCRI, ‘SAR 10 Billion (USD 2.7 Billion) has been earmarked to support several initiatives, including financial and non-financial support for global investors interested in incorporating Saudi Arabia in their supply chains. The initiative will support growth in key sectors and is expected to attract investments of SAR 40 Billion (USD 10.7 Billion) within the first two years of being launched.
CMA CGM Nears Deal for New York, New Jersey Container Terminals
07.12.2022
CMA CGM SA has agreed to buy two major US shipping terminals owned by Global Container Terminals Inc to bolster the French logistics company’s presence in the country.
The acquisition gives CMA CGM a gateway on the US east coast and strengthens its position as global port terminal operator, the company said Tuesday, confirming an earlier Bloomberg News report. Financial details for the transaction to buy the terminals in the state of New York and New Jersey weren’t disclosed.
AD Ports Group Inks Topside Infrastructure Agreement For CMA Terminals Khalifa Port With China Harbour Engineering Company
25.11.2022
AD Ports Group has signed a contract with China Harbour Engineering Company for the development of buildings and topside infrastructure for the cutting-edge CMA Terminals Khalifa Port, a joint venture owned by CMA CGM’s subsidiary CMA Terminals (70% stake) and AD Ports Group (30%t stake).
The agreement includes the development of the first net zero carbon administration building to be constructed for the joint venture, which is being developed in-line with the company’s role as an official partner of World Green Building Council’s Middle East & North Africa Regional Network. The award-winning administration building, which won the Net Zero Design Building Project of the Year in October, will be a highly energy efficient building that is powered from renewable energy sources and offsets.
In addition, the agreement will see the development of 28 office and utilities across the terminal, more than one million square metres of yard paving, reefer stacks, STS cranes and access roads.
Top ports in the Middle East
16.11.2022
Owing to their strategic location at the crossroads of global trade routes, ports across the Middle East play a critical role in facilitating trade movement and enabling the transport of finished goods, raw materials and manufacturing components between key markets in the east and the west.
In this list, we cast light on the region’s foremost cargo ports, based on their cargo storage and handling capacity and overall contribution to the global supply chain operations.
King Abdullah Port
Saudi Arabia’s newest port facility, King Abdullah Port is a full-service commercial port strategically located on the coast of the Red Sea in King Abdullah Economic City.
The port spanning 17.4 square kilometres is the Middle East’s first privately owned, developed and operated port.
The port ranked as the world’s most efficient container port on the global Container Port Performance Index (CPPI) jointly published by World Bank and S&P Global Market Intelligence in 2021.
Port of Jebel Ali
DP World‘s flagship container port, the port of Jebel Ali located 35 kilometres southwest of Dubai is the largest in the Middle East, with over one million square metres of container yard space, and 9,665 square metres of cold storage floor space ideal for a wide range of perishable cargo requiring special storage conditions. The cold storage facility offers a storage capacity of 8,183 pallets.
The port’s cool storage facility comprises three rooms with a total pallet storage capacity of 3,900 square metres of floor space.
Moreover, the port’s General Cargo Terminal spans a total storage area of over 1.4 million square metres, comprising 27 berths and a quayside depth of 15 metres, allowing large and special cargo vessels to berth.
Zayed Port
Zayed port serves as the main gateway for bulk and general cargo into the UAE’s capital Abu Dhabi, spanning 1.7 million square metres with 21 berths, and a 4,375 total quay.
The port offers 7.5 million ft of general cargo capacity as well as extensive warehousing and cold storage facilities.
Moreover, the port can handle up to 10 oceangoing vessels simultaneously.
Ad Ports acquires 80% stake in GFS, becomes the world’s largest independent feeder carrier
08.11.2022
AD Ports Group, the Abu Dhabi-headquartered operator of free zones, ports, logistics, maritime and digital services signed an agreement on Thursday to acquire an 80% equity stake in the Dubai-based global container shipping company, Global Feeder Shipping (GFS), in line with its long-term strategy to become one of the world’s premier short-sea and feeder shipping players.
By integrating GFS into AD Ports’ Maritime Cluster – which already offers a comprehensive portfolio of shipping, offshore and subsea services – to complement the group’s other companies SAFEEN Feeders and Transmar’s operations, AD Ports Group will become the world’s largest independent feeder company by vessels owned, with a fleet of 35 owned vessels, and the third largest globally by the volumes carried, with a total container capacity of 100,000 TEUs.