AD Ports obtains 10 offshore vessels for $200 million

AD Ports obtains 10 offshore vessels for $200 million

AD Ports Group (AD Ports) has announced the purchase of 10 offshore vessels set to bolster offshore operations in the Middle East and Southeast Asia. 

The investment is reportedly around $200 million in a well-maintained, diverse fleet with an average age of approximately nine years, which is much less than the industry norm according to the group.

All 10 boats are planned to be delivered in Q4 2023, with financial consolidation beginning in Q1 2024.

The acquisitions from international Offshore Supply Vessel owner and operator E-NAV include a wide range of offshore vessel types, including Multipurpose Supply Vessels (MPSVs), Platform Supply Vessels (PSVs), Diving Support Vessels (DSVs), and Accommodation Workboats (AWBs), and represent an appealing offering, particularly in relation to upcoming major offshore projects in the Middle East.

READ: AD Ports, Tadweer partner to enhance safety of Abu Dhabi’s waterways

Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group, said: “I am pleased to announce this key investment, the expansion of our offshore fleet is a significant move in our strategic objective to fortify and enhance our Middle East and Southeast Asia footprint.

“We recognise the increasing demand in the energy sector, thereby, through bolstering our fleet, our group is better positioned to demonstrate our role as a premier offshore service provider within these regions, whilst meeting the diverse and growing demands of our customers.”

In September, Fertiglobe, the strategic partnership between ADNOC and OCI Global, signed a non-binding Memorandum of Understanding (MoU) with AD Ports.

More recently, RightShip announced a collaboration with AD Ports to implement RightShip’s Maritime Emissions Portal (MEP) across its network of ports.

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