AD Ports Group partners with ADNOC Distribution for marine lubricants
19.04.2024
AD Ports Group has announced its Ports Cluster's expansion into the global distribution of marine lubricants.
This decision follows a strategic partnership with ADNOC Distribution, a leading manufacturer of marine and automotive lubricants in the UAE.
"This agreement will see two major global corporations, with vast expertise in their respective fields, creating new opportunities within the marine lubricants market. The distribution solutions offered by the Ports Cluster, which now owns or operates 24 terminals globally, adds tremendous value to our partners and stakeholders. This collaboration underscores our commitment to delivering unparalleled value to our customers worldwide," commented on the deal, Saif Al Mazrouei, CEO - Ports Cluster, AD Ports Group.
As per the agreement terms, the Ports Cluster will utilize its extensive network and advanced infrastructure to distribute high-demand, globally recognized lubricants initially in the UAE, with plans for further global expansion. Both entities are committed to collaborating on expanding the global marine lubricants market, recognizing its critical importance to the shipping and maritime sectors.
“As a leading manufacturer of marine, industrial and automotive lubricants in the UAE, ADNOC Distribution offers an extensive range of lubricant products that perform in any environment. By signing a strategic agreement with the Ports Cluster, part of AD Ports Group, we are further expanding the distribution base for our products, gaining access to over 70 international destinations to provide the highest quality lubricants, and facilitating a consistent and trusted supply for our valued customers,” stated Bader Saeed Al Lamki, CEO, ADNOC Distribution.
Saudia Cargo launches flights to China’s e-commerce heartland
15.04.2024
Saudia Cargo, the global logistics powerhouse, has announced its expansion into the growing Shenzhen market by initiating bi-weekly flights designed to boost e-commerce connectivity between the Middle East and Asia.
As e-commerce continues to surge, achieving double-digit growth annually, Saudia Cargo’s new operation marks a strategic enhancement of its service offerings in one of the world’s fastest-growing markets.
Eid Mubarak from FORWARD EXP DMCC!
10.04.2024
Reflecting on the values of compassion, unity, and gratitude that Ramadan has taught us, we extend our heartfelt greetings to you and your family on this joyous occasion. May this Eid be a time of renewal, happiness, and togetherness for all.
DP World and Brazilian railway operator to build new terminal at Santos
05.04.2024
DP World has joined forces with Brazilian railway operator Rumo to build a new terminal at the Port of Santos to handle 12.5 million tonnes of grains and fertilizers per year.
The total investment for the construction of this state-of-the-art facility, according to Rumo's estimations, reaches US$500 million, which will be financed through a combination of Rumo's resources, loans, and potential partnerships.
This is in addition to recent investments in DP World container handling facilities increasing capacity from 1.2 million to 1.4 million TEUs, while expanding the size of the quay from 1,100 to 1,300 metres.
Once complete the new terminal will handle 9 million tonnes of grains and 3.5 million tonnes of fertilizers a year. With construction expected to take 30 months, all other services including container handling at Santos will continue, with no impact on container handling operations, according to DP World's statement.
Under the 30-year agreement, DP World will provide the terminal area, located on the left bank of Brazil’s Port of Santos, to Rumo and assume responsibility for operations and port services. The port is one of the largest and most modern private multi-purpose port terminals in the country.
The new terminal marks DP World’s fourth round of investment since operations began in Brazil in 2013. It comes at a time when the port achieved record cargo movements in January, handling 11.9 million tonnes of cargo. Bulk solids, such as sugar and soy, accounted for 5 million tonnes, up 13.9% compared to the same period in 2023, according to the Port of Santos.
"This new terminal will not only bolster trade capabilities but also create long-term value for our customers and stakeholders," pointed out Fabio Siccherino, CEO of DP World Santos.
In line with DP World's global decarbonisation strategy, the new terminal will be equipped with 21 new pieces of equipment, featuring advanced technology to reduce consumption and emissions of polluting gases. Meanwhile, DP World began the process of electrifying its Rubber-Tired Gantry Cranes (RTGs) at the Port of Santos in 2023.
DP World has already invested US$35 million in 2023 to expand and modernise its facilities at the Brazilian port with the terminal currently inhabiting 845,000 m², with an additional 130,000 m² available for expansion.
The accident history of ship that crashed into Baltimore bridge
28.03.2024
The 10,000 TEU container vessel Dali that hit Francis Scott Key Bridge in Baltimore has been involved in another shipping accident back in 2016.
In particular, the boxship smashed into a quay at the port of Antwerp in Belgium on 11 July 2016, as it was exiting the North Sea container terminal.
The Antwerp port authorities said the vessel had remained at the dock for repairs for some time after the incident.
The Antwerp accident happened due to a mistake by the Master and pilot on board the vessel, according to VesselFinder reports.
As is evident, Dali's latest accident is notably more severe, likely resulting in fatalities and expected to cause significant challenges to the global supply chain.