Skip to main content

SAFEEN Feeders acquires dry bulk vessels

Published by
Dry Bulk,


SAFEEN Feeders, part of AD Ports Group’s Maritime Cluster, has announced the acquisition of two supramax vessels within a month. This highlights the high demand and growing business for dry bulk services linking UAE’s ports globally.

Originally manufactured in 2010, AL SAAD has 57 124 DWT with an overall length of 200 m and a draft of 12.5 m. The vessel is equipped with four cranes with a lifting capacity of 30 t/crane. The addition of AL SAAD follows the acquisition of ALEENA-1, which was also developed in 2010.

Since being acquired, these ships have been deployed as part of a collaboration between SAFEEN Feeders and Saif Powertec Ltd, in which both organisations have agreed to work closely together to facilitate trade and cargo services.

Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO - AD Ports Group, said: “The arrival of AL SAAD and ALEENA-1 into our fleet marks a key milestone for AD Ports Group, highlighting the great opportunities and high demand for our bulk services from our ports hubs in Abu Dhabi and the UAE.”

“In line with the leadership’s vision to position Abu Dhabi as a vital hub for global trade, AD Ports Group is committed to rapid growth in the maritime services as part of its strategy to facilitate trade and economic growth, both regionally and across the globe. The acquisitions of AL SAAD and ALEENA-1 are a positive and constructive step in this direction as it aids in increasing partnerships and adding new shipping lines. Our fast-growing fleet of container and bulk vessels ensures our customers are offered reliable, cost-effective, and faster delivery of services that meet and expect their growing demands.”

Captain Ammar Mubarak Al Shaiba, CEO of SAFEEN Feeders and Acting CEO of the Ports Operating Company at AD Ports Group, added: “We have made tremendous progress over the last couple of years and acquiring bulk ships is part of our long-term strategy to expand into different domains of the maritime shipping sector. Our focus remains on creating a large portfolio of maritime assets and services for our customers.

“The demand for maritime services within the UAE and the region is extremely high, and we have invested greatly in the last years to address future demands for our fast-growing customer base. We are committed to sustainable growth and long-term partnerships, and acquisitions of AL SAAD and ALEENA-1 are a step towards fulfilling that commitment.”

Read the article online at: https://www.drybulkmagazine.com/dry-bulk/30062022/safeen-feeders-acquires-dry-bulk-vessels/

You might also like

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Dry cargo shipping news Dry bulk shipping market