SAFEEN Feeders signs new agreement with Saif Powertec for freight services

AD Ports Group has announced that its feeder service, SAFEEN Feeders, has signed a long-term trade facilitation and shipping agreement with Saif Powertec Ltd, a Bangladesh-listed company active in the sectors of ports, logistics, civil engineering and energy.

Under the terms of the agreement, the two companies will work closely together to facilitate commercial and cargo services from Fujairah to Bangladesh over a period of 15 years. As part of this collaboration, SAFEEN Feeders is expected to supply eight supramax bulk carriers with a capacity of 55,000 DWT to Saif Powertec.

In addition to facilitating the movement of general cargo and dry bulk cargo between the port of Fujairah in the United Arab Emirates and the port facilities of Chattogram and Mongla in Bangladesh, the new bulk shipping offering will also oversee cargo operations to the Indian subcontinent, Southeast Asia and other global destinations.

Captain Maktoum Al Houqani, CEO – Maritime Cluster, AD Ports Group, said, “Our new collaboration with Saif Powertec not only introduces a new offering for customers which is a fast and inexpensive service for their bulk shipping needs dry, but also have a considerable impact on maritime trade in our combined spheres of influence.

“Leveraging SAFEEN Feeders’ expertise as a leading maritime service provider, as well as the advanced capabilities of its modernized fleet, Saif is well positioned to accelerate the trade of dry building materials between the UAE and Bangladesh, as well as other dry freight goods to key markets in the region and beyond.

Captain Ammar Mubarak Al Shaiba, CEO of SAFEEN Feeders and Acting CEO of Ports Operating Company at AD Ports Group, added: “[The] This announcement not only marks the official start of a new collaboration between AD Ports Group and one of Bangladesh’s leading logistics service providers, but also heralds a new era of facilitating maritime trade between our two proud nations and their respective ports. .

“In addition to boosting trade between the UAE and Bangladesh, the collaboration with Saif Powertec offers a new opportunity to provide enhanced freight service to customers in the Indian subcontinent, South East Asia, as well as than other leading global destinations.”

Tarafder MD Ruhul Amin, Managing Director of Saif Powertec, said: “We are delighted to announce the start of our close partnership with AD Ports Group’s SAFEEN Feeders, which has significantly enhanced our capabilities as a single terminal operator in the Bangladesh to facilitate the movement of dry cargo. at an international level.

“With a capacity of 55,000 DWT, SAFEEN Feeders’ bulk carriers, which will be offered bareboat or time charter, are expected to achieve significant returns and deliver real benefits to our customers.”

The two companies will jointly own and operate bulk shipping services that will promote maritime trade between the MENA region and the Asian subcontinent. Other areas of potential collaboration involving Saif Powertec include the rental of quays and possibly jetties to develop and improve freight operations, as well as the adoption of warehouse storage solutions offered by AD Ports Group.

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