Invictus Investment has announced a capital expenditure of AED2.8 million ($760,000) to procure a fleet of over 8 refrigerated trucks to enable movement of perishable goods between Sudan, UAE and Saudi Arabia.
AD Ports Group’s Safeen Feeders has launched its UAE-Red Sea service to all customers, with the inclusion of Fujairah Terminals and Jeddah, following successful trials with allocated cargo on the route.
AD Ports Group’s Safeen Feeders and Saif Powertec Limited have signed a charter agreement that will see Safeen Feeders purchase and charter out three containerships, to support expansion of the Bangladesh-based entity into the container shipping segment.