Abu Dhabi (Etihad)
Abu Dhabi Ports Group announced today that Sven Feders, its shipping arm, has entered into a long-term agreement with Bangladesh-listed Safe Power Tech Limited, whose activities cover the port, logistics, civil engineering and energy sectors.
The agreement stipulates the cooperation of the two sides in the field of freight forwarding services between Fujairah and Bangladesh for a period of 15 years, whereby Sven Feders will provide eight “Supramax” bulk carriers with a tonnage of 55,000 tons for Safe Power Tech, according to cargo ship charter contracts to facilitate and facilitate maritime trade. .
The two sides will also manage and operate bulk cargo freight services, and other potential areas of cooperation between the two sides include leasing a berth and ferries to develop and improve cargo transportation operations, and adopt advanced storage solutions provided by the Abu Dhabi Ports Group. In addition to facilitating the movement of general and solid cargo between the port of Fujairah in the UAE In the United Arab Emirates and port facilities in Chittagong and Mongla in Bangladesh, the new bulk cargo services include transportation of cargo to the Indian subcontinent, Southeast Asia and other global destinations.
The agreement also covers a number of areas of future cooperation in which the two sides will develop and invest in infrastructure and marine projects in Bangladesh and the United Arab Emirates.
Captain Maktoum Al Hoqani, Chief Executive Officer – Maritime Sector, Abu Dhabi Ports Group, said: “Our cooperation with Safe Power Tech provides customers with new services that are fast in delivery and low cost, and that meet their needs related to shipping dry bulk goods, and positively and tangibly affects the maritime trade in All sectors we work in.
He added: “The vast experience of Sven Feders as a leading provider of marine transport services, and the advanced capabilities of its fleet, allow Safe Power Tech to accelerate the trade exchange of dry building materials between the United Arab Emirates and Bangladesh, and other dry goods with major markets in the region and abroad. »
In turn, Captain Ammar Mubarak Al Shaiba, CEO of Sven Feders, and Acting CEO of the Ports Operating Company in Abu Dhabi Ports Group, pointed out the importance of this agreement, which establishes a new cooperation between Abu Dhabi Ports Group and one of the leading companies in providing logistics services in Bangladesh. He said, “This cooperation contributes to facilitating maritime trade operations between the UAE and Bangladesh and strengthening trade links between the two countries’ ports.”
He added: “In addition to its role in enhancing commercial cooperation between the two countries, the agreement signed with Safe Power Tech provides new opportunities to develop marine freight services provided to customers in the Indian subcontinent, Southeast Asia, and many other major global destinations.”
For his part, Travdar Muhammad Ruh Al-Amin, General Manager of Safe Power Tech, said: “We are pleased to launch this partnership with Sven Feders of Abu Dhabi Ports Group, which will contribute to improving our capabilities as the sole operator of marine terminals in Bangladesh, ensuring the enhancement of the international movement of dry goods.”
He added: “The 55,000-ton bulk carriers that Sven Feders will provide us with on customized charter contracts will certainly help in achieving tangible returns and great benefits for our customers.”
Sven Feders Company was established in 2020, as a provider of marine transshipment services within the Abu Dhabi Ports Group, with the aim of enhancing marine services in the UAE and the region by providing transshipment services linking the Emirate of Abu Dhabi with ports that support commercial movement in the United Arab Emirates and neighboring areas in the Arabian Gulf and the semi-arid Indian continent.
The company currently provides a wide range of unique and integrated services to many shipping companies and dealers in the region and facilitates the exchange of shipping containers between large container ships and the company’s fleet that serves major regional ports in the United Arab Emirates, Saudi Arabia, Oman, Bahrain and Iraq, in addition to Pakistan and India .
