Ports Cluster News Today

Project will include storage and export centres for the synthetic fuel

Resorts World Cruises has announced that it will be expanding its footprint across the Arabian Gulf and Gulf of Oman with the Resorts World One for a six-month homeport deployment in Dubai, UAE, starting from 18 October 2024.

The firm has signed a strategic agreement with ADNOC Distribution to distribute ADNOC lubricants.

AD Ports Group, the leading facilitator of global trade, logistics, and industry, has announced that its Ports Cluster is expanding its business remit to the global distribution of marine lubricants.

AD Ports Group has reported strong operational and financial performance in full year (FY) 2023, with revenue shooting up 112% year-on-year (YoY) to AED11.68 billion ($3.18 billion) and net profit rising 6% to AED1.4 billion.

AD Ports Group has signed a concession agreement with the Red Sea Ports Authority to develop and operate a multi-purpose terminal at Safaga Sea Port in Egypt.

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AD Ports Group has completed a comprehensive environmental and social impact assessment (ESIA) for the development and operation of a state-of-the-art multi-purpose terminal at Safaga Port.

AD Ports Group has signed a definitive concession agreement with the Red Sea Ports Authority (RSPA) for the development and operation of a multi-purpose terminal at Safaga Sea Port. 

The terminal is on track to become operational by 2025