Advertisement Emirates Steel, a leading integrated steel producer in the Middle East, and SAFEEN Group, the marine service arm of Abu Dhabi Ports, both part of ADQ, have announced the commencement of transhipment operations, as part of a 10-year agreement previously signed between the two parties in 2019. As per the agreement, SAFEEN will work closely with Emirates Steel to provide short marine shipping services for three shipments of iron ore per month and will be responsible for the purchase, rental, delivery, operation and maintenance of cargo ships, trailers, and unloading equipment for the steel manufacturer. Serving as the company’s latest venture into the transhipment business vertical, and as one of the largest active transhipment agreements (by volume) within the Arabian Gulf region, the contract will be delivered via a converted Post-Panamax bulk – the largest bulk commercial vessel ever registered under the UAE flag – along with three self-propelled and self-discharging barges, and a wide range of marine assets such as tugs and speed boats.