AD Ports Group Acquires 10 Offshore Vessels for around US$200 million

Acquisition signifies an increase of circa 20% in offshore & subsea capacity for the Group, boosting Middle East and Southeast Asia operations.

Abu Dhabi, United Arab Emirates – 07 November 2023: AD Ports Group (ADX: ADPORTS), a global leader in trade, logistics and industry, today announced the purchase of 10 offshore vessels, that will bolster offshore operations in the Middle East and Southeast Asia.

The investment is around US$200 million, into a well-maintained, diversified fleet with an average age of around 9 years, significantly less than the industry average. All 10 vessels are expected to be delivered in Q4 2023 with financial consolidation taking place from Q1 2024 onwards.

Abu Dhabi Maritime Reports Significant Increase in Safe Waterway Usage in the Emirate

Abu Dhabi Maritime reports 62% decline in marine incidents compared to the same period in 2021

Abu Dhabi, UAE – 11 September 2023: Abu Dhabi Maritime, part of AD Ports Group (ADX: ADPORTS), has announced a 62% reduction in marine incidents in the first half of 2023 compared to the same period in 2021.