ACWA Power increases stake in HEPC

ACWA Power increases stake in HEPC
Qurayyah IPP is one of the most efficient projects in the Kingdom. Environmentally, it has the potential to save more than 6,000 cubic meters of carbon emissions annually.
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Updated 08 June 2020

ACWA Power increases stake in HEPC

ACWA Power increases stake in HEPC

As part of its strategy to facilitate growing trade demands within the Gulf region, Abu Dhabi Ports has announced the establishment of a new feeder services company, Safeen Feeders.

Safeen Feeders will serve the group’s mainliner shipping clients and support the region through increased connectivity and optimized shipping costs within and beyond the region.

The company will introduce a new feeder service linking Abu Dhabi to ports serving the UAE, the broader Gulf region and the Indian subcontinent. The service will be executed in partnership with Bengal Tiger Line (BTL), one of the world’s most renowned feeder service operators, through a vessel sharing agreement.

Captain Mohamed Juma Al-Shamisi, group CEO of Abu Dhabi Ports, said: “The launch of Safeen Feeders significantly strengthens our ability to enhance the competitiveness of our growing base of global customers, and helps our region meet international demands as a trade and logistics hub connecting east and west.”

The service will allow for a timely and efficient exchange of container cargo between mainliner vessels and the vessels within the rotation calling at nine regional ports located across the UAE, Saudi Arabia, Bahrain, Pakistan, and Western India.

“With the addition of the new service, our shipping clients can expect efficient and cost-effective transhipment feeder solutions with ever-expanding regional and international reach and connectivity. These two elements are absolutely vital in today’s increasingly competitive international trade environment,” added Al-Shamisi.