TMS Awards 2023Bühler GmbHPort of South LouisianaSailors SocietyCimbriaPort of Stockton
  • Cimbria
  • Sailors Society
  • Port of South Louisiana
  • Bühler GmbH
  • Vigan
  • Port of Stockton

AD Ports closes strong year of growth

AD Ports closes strong year of  growth

(Posted on 07/01/25)

AD Ports Group has solidified its position as a leading facilitator of global trade and logistics through unprecedented global expansion and strategic investments in 2024. The Abu Dhabi based Group's enhanced connectivity, capacity, and international presence demonstrate its commitment to sustainable innovation and excellence in the global trade and logistics sector. The transformative year has been marked by significant milestones that reflect the Group's strategic vision and operational prowess.

AD Ports Group delivered record levels of revenue and net profit in 9M 2024 of AED 12.72 billion and AED 1.29 billion, respectively, driven by strong growth across its core businesses: +13% YoY for Ports, +46% YoY for Maritime & Shipping, +11% YoY for Economic Cities and Free Zones, +26% YoY for Logistics, and +4% YoY for Digital.

AD Ports Group recently received an initial A1 credit rating with a stable outlook from Moody’s Ratings (Moody’s), the international credit ratings agency, reflecting the Group’s strong financial performance and liquidity position as well as its robust growth prospects.

In September, AD Ports Group signed agreements to refinance its syndicated loan of USD 2.25 billion at more favourable terms, and successfully refinanced and upsized its Revolving Credit Facility (RCF) in December from USD 1 billion to USD 2.125 billion for greater financial flexibility, lower cost of funding, and better planning options.

The Group ended its eventful year on a high note with the inauguration of CMA Terminals Khalifa Port by His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council.

The integration of Noatum’s assets into AD Ports Group's structure has been another major milestone. This restructuring leverages Noatum’s international brand equity and solidifies AD Ports Group’s corporate structure while pursuing its international expansion strategy. The integration has led to operating efficiencies that support the Group’s international growth, and the introduction of new products, solutions and entry into new geographies, with enhanced synergies that bolster AD Ports Group’s position as a leader in maritime and logistics solutions and as a leading enabler of trade.

Throughout 2024, AD Ports Group expanded its global presence, through securing a 25-year concession at Karachi Port in Pakistan to develop, operate and manage the Bulk and General Cargo terminal berths 11-17, with a planned investment of USD 75 million in the first two years.

Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group, said: "In 2024, AD Ports Group has strengthened its leading position in global trade and logistics through significant expansions and strategic investments. We’ve recently welcomed His Highness Sheikh Khaled bin Mohamed Al Nahyan, the Crown Prince of Abu Dhabi, to inaugurate CMA Terminals Khalifa Port, the latest infrastructure addition to Khalifa port, which will significantly boost Abu Dhabi’s connectivity. Furthermore, we’ve successfully integrated Noatum, our biggest-ever acquisition, broadening the economic horizons of our Group.”

The acquisition of Egypt’s Safina B.V. in 2024 expands the Group's route network to 15 Egyptian ports and provides transit services through the Suez Canal. These efforts complement previous acquisitions of Transmar and TCI, and the concession to build, operate, and manage a multipurpose terminal in Safaga, driving revenue and profit growth through cross-cluster synergies.

The Group was also awarded a concession to operate, develop, and manage a multipurpose terminal in Port of Luanda, Angola, and to establish a logistics company with local partners Multiparques and Unicargas. The Port of Luanda handles over 76% of Angola’s container and general cargo volumes, and also serves as a key transshipment hub for Central-West Africa, facilitating maritime trade access to land-locked countries such as the Democratic Republic of Congo and Zambia.

Latest News

Teesport Offshore Gateway - a multi-million pound investment in the River Tees

(Posted on 29/04/25)

One of the UK’s major port groups, PD Ports has announced its ambition to develop one of the UK... Read more


Port of Amsterdam achieves CO? reduction target

(Posted on 28/04/25)

Port of Amsterdam has achieved its CO? reduction target. The Port of Amsterdam aimed to reduce its corporate... Read more


NSBT celebrates launch of new third berth in Freetown

(Posted on 22/04/25)

Nectar Sierra Leone Bulk Terminal (NSBT) is celebrating the operational launch of a new third berth... Read more


Greenhouse gas emissions in port of Rotterdam down by 8%

(Posted on 17/04/25)

Greenhouse gas emissions at companies in the port decreased by 1.7 Mton (8%) in 2024 compared to 2023... Read more


Raw materials delivered to British Steel through Immingham

(Posted on 15/04/25)

Following the UK government’s passing of an emergency law to take control of British Steel, vital... Read more


Rotterdam takes important step in making shipping more sustainable

(Posted on 15/04/25)

Trammo, OCI and James Fisher Fendercare have successfully conducted an ammonia bunkering pilot between... Read more


Bulgarian port’s first order for new Konecranes Gottwald MHCs

(Posted on 03/04/25)

BMF Port Burgas AD (BMF), one of Bulgaria’s largest port operators, has ordered two Generation... Read more


Another year of record revenue and profit for AD Ports

(Posted on 03/04/25)

Abu Dhabi based AD Ports Group a leading global enabler of trade, transport, industry, and logistics... Read more


Euroports secures long-term future in Venice with 25-year deal

(Posted on 31/03/25)

Euroports has announced the renewal of the concession for Terminal Rinfuse Venezia (TRV) at Porto Marghera... Read more


Panama Canal promotes sustainable maritime shipping with NetZero Slot

(Posted on 27/03/25)

Contributing to the commitment of achieving net zero emissions by 2050, the Panama Canal authority has... Read more


TBA GroupViganTelestackGeneva DryVan Aalst
  • Telestack
  • Van Aalst

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping