Latest news with #CentralWestAfrican
ME Construction
11-02-2025
- Business
- ME Construction
AD Ports Group partners with CMA CGM Group
Infrastructure AD Ports Group partners with CMA CGM Group By The JV will develop a facility to handle containers, general, break-bulk and other types of cargo at the Central West African nation's biggest Atlantic port AD Ports Group has signed a shareholder agreement with the CMA CGM Group, a sea, land, air, and logistics solutions, through its subsidiary CMA Terminals, to jointly develop, manage and operate the New East Mole multipurpose terminal in Pointe Noire, Congo-Brazzaville, for which AD Ports Group received a 30-year extendable concession in June 2023. With the signing, AD Ports Group and the CMA CGM Group formed a joint venture, majority-owned by AD Ports Group, to develop, manage, and operate New East Mole multipurpose terminal at the Port of Pointe Noire, which will handle containers, general, break-bulk and other types of cargo at the Central West African nation's biggest Atlantic port, said a statement. At the time it obtained the concession, AD Ports Group said it expected to invest about US $220mn to build a quay wall plus a logistics area, during Phase 1 of the project. With this new agreement, AD Ports Group and the CMA CGM Group are further cementing their partnership after the inauguration of CMA Terminals Khalifa Port last December, a $845mn container terminal that will eventually expand Khalifa Port's container capacity. The JV has confirmed that the terminal will be operated as a 'multi-user' facility and AD Ports Group will maintain controlling majority ownership in management and operation of the terminal and as such the operations will still be fully consolidated. The New East Mole multipurpose terminal at the Port of Pointe Noire has already placed an order for three Super Post-Panamax Ship-to-Shore (STS) cranes, which represent the latest generation in port equipment. Mohamed Eidha Al Menhali, Regional CEO, AD Ports Group said, 'This agreement further enhances our strategic partnership with CMA CGM in several markets and projects along global trade lines, the latest of which was the inauguration of CMA Terminals Khalifa Port last December. Our collaboration at the port of Pointe Noire is a continuation of this association. We look forward to jointly developing and managing phase 1 of the New East Mole multipurpose terminal with the CMA CGM Group. We believe this partnership will position the Republic of Congo at the centre of maritime trade, in line with projections for annual growth of 3% to 5% in container volumes forecast for the country over the medium term.' Christine Cabau Woehrel, Executive Vice President for Assets and Operations, CMA CGM Group added, 'Our investment with AD Ports Group at the Port of Pointe Noire is a new milestone of our of our strategic collaboration between CMA T and AD Ports Group as we enable modern, sustainable ports and maritime infrastructure for the next wave of global trade. We look forward to bringing the operational and economic benefits of this collaborative, sustainable approach to The Republic of the Congo and to its importers and exporters. The multipurpose terminal is set to become a hub for trade and commerce in the region, enhancing job creation, providing knowledge transfer and connecting Congo-Brazzaville to global markets.' Additionally, Pointe Noire will receive nine hybrid Rubber-Tyred Gantry Cranes (RTGs) and other associated handling equipment. These hybrid RTGs offer significant environmental benefits, reducing diesel consumption by up to 60%, cutting CO 2 emissions, reducing the carbon footprint, and promoting the sustainability goals. The group said it successfully completed an Environmental and Social Impact Assessment (ESIA) for New East Mole terminal, which adhered to Congolese regulations and international best practices, including those set by International Finance Corporation (IFC) standards. The ESIA provided key recommendations to enhance the project's social, community, and environmental performance during both the construction and operational phases.
Gulf Today
08-02-2025
- Business
- Gulf Today
AD Ports Group and CMA CGM to develop a terminal in Pointe Noire
AD Ports Group on Friday signed a shareholders' agreement with the CMA CGM Group, a global player in sea, land, air, and logistics solutions, through its subsidiary CMA Terminals, to jointly develop, manage and operate the New East Mole multipurpose terminal in Pointe Noire, Congo-Brazzaville, for which AD Ports Group received a 30-year extendable concession in June 2023. With the signing, AD Ports Group and the CMA CGM Group formed a joint venture, majority-owned by AD Ports Group, to develop, manage, and operate New East Mole multipurpose terminal at the Port of Pointe Noire, which will handle containers, general, break-bulk and other types of cargo at the Central West African nation's biggest Atlantic port. At the time it obtained the concession, AD Ports Group said it expected to invest about $220 million (Dhs807 million) to build a 400-metre quay wall at 16-metre depth, plus a 10-hectare logistics area, during Phase 1 of the project. With this new agreement, AD Ports Group and the CMA CGM Group are further cementing their partnership after the inauguration of CMA Terminals Khalifa Port last December, a Dhs3.1 billion ($845 million) container terminal that will eventually expand Khalifa Port's container capacity of 7.8 million Twenty Foot Equivalent Units (TEUs) in 2024 by 33 per cent or 2.6 million TEUs. In The Republic of Congo, CMA CGM shipping line holds the leading position in exports and ranks second in imports and transshipment, with historically an overall container volume market share in the country of about 35 per cent. The JV has confirmed that the terminal will be operated as a 'multi-user' facility and AD Ports Group will maintain controlling majority ownership in management and operation of the terminal and as such the operations will still be fully consolidated. Mohamed Eidha Al Menhali, Regional CEO, AD Ports Group, said, 'This agreement further enhances our strategic partnership with CMA CGM in several markets and projects along global trade lines, the latest of which was the inauguration of CMA Terminals Khalifa Port last December. Our collaboration at the port of Pointe Noire is a continuation of this association. We look forward to jointly developing and managing phase 1 of the New East Mole multipurpose terminal with the CMA CGM Group. We believe this partnership will position the Republic of Congo at the centre of maritime trade, in line with projections for annual growth of 3 to 5 per cent in container volumes forecast for the country over the medium term.' Christine Cabau Woehrel, Executive Vice President for Assets and Operations, CMA CGM Group, said, 'Our investment with AD Ports Group at the Port of Pointe Noire is a new milestone of our strategic collaboration between CMA T and AD Ports Group as we enable modern, sustainable ports and maritime infrastructure for the next wave of global trade. We look forward to bringing the operational and economic benefits of this collaborative, sustainable approach to The Republic of the Congo and to its importers and exporters.' The multipurpose terminal is set to become a hub for trade and commerce in the region, enhancing job creation, providing knowledge transfer and connecting Congo-Brazzaville to global markets. The New East Mole multipurpose terminal at the Port of Pointe Noire has already placed an order for three Super Post-Panamax Ship-to-Shore (STS) cranes, which represent the latest generation in high-performance port equipment. Additionally, Pointe Noire will receive nine hybrid Rubber-Tyred Gantry Cranes (RTGs) and other associated handling equipment. These hybrid RTGs offer significant environmental benefits, reducing diesel consumption by up to 60 per cent, equivalent to saving 1 million litres of diesel annually, and cutting approximately 5,000 tonnes of CO2 emissions, reducing the carbon footprint, and promoting the sustainability goals of Congo-Brazzaville. Meanwhile AD Ports Group, last week began its long-term management and development of a major multipurpose terminal and an associated logistics business with local partners in Luanda, Angola, driving forward its expansion in sub-Saharan Africa. With Angolan joint venture partners Unicargas and Multiparques, AD Ports Group started operations at Noatum Ports Luanda Terminal in the country's largest port. The Port of Luanda handles about 76 per cent of Angola's container and general cargo volumes, as well as providing maritime access to landlocked neighbours Democratic Republic of the Congo and Zambia. AD Ports Group has a 81 per cent stake in the multipurpose terminal venture with Unicargas and Multiparques, and a 90 per cent stake in the logistics venture with Unicargas. Under a 20-year concession agreement with the Luanda Port Authority signed in April 2024, AD Ports Group committed to invest around $250 million through 2026 to modernise the terminal and to develop Noatum Unicargas Logistics, the joint venture providing integrated logistics, transport and freight forwarding services for local, regional and international clients.
Zawya
07-02-2025
- Business
- Zawya
AD Ports' new JV to develop multipurpose terminal in Congo
AD Ports Group's subsidiary CMA Terminals, has signed an agreement with France's CMA CGM Group to jointly develop a new multipurpose terminal in the Republic of Congo. A joint venture between AD Ports and CMA CGM Group, majority-owned by the former, will develop, manage, and operate a new terminal at the Port of Pointe Noire, Congo-Brazzaville, handling containers, general, break-bulk and other types of cargo at the Central West African nation's biggest Atlantic port. AD Ports, which trades on the Abu Dhabi Securities Exchange (ADX), expects to invest about 807 million UAE dirhams ($220 million) to build a 400-metre quay wall at a 16-metre depth, plus a 10-hectare logistics area during the project's first phase. The multipurpose terminal has already ordered three super post-Panamax ship-to-shore (STS) cranes. Additionally, it will receive nine hybrid rubber-tyred gantry cranes (RTGs) and other associated handling equipment. These hybrid RTGs reduce diesel consumption by up to 60 percent, saving 1 million litres of diesel annually, and cutting nearly 5,000 tonnes of CO2 emissions. The Abu Dhabi port operator received a 30-year extendable concession in June 2023 for the New East Mole Terminal in Congo. (Writing by P Deol; Editing by Anoop Menon)
Gulf Business
07-02-2025
- Business
- Gulf Business
AD Ports Group, CMA CGM to develop multipurpose terminal in Pointe Noire
image: AD Ports Group AD Ports Group has signed a shareholders' agreement with the CMA CGM Group to jointly develop, manage, and operate the New East Mole multipurpose terminal at the Port of Pointe Noire in the Republic of Congo. The agreement follows AD Ports Group's acquisition of a 30-year extendable concession for the terminal in June 2023. Under the terms, AD Ports Group and CMA CGM's subsidiary, CMA Terminals, will form a joint venture, with AD Ports Group holding a majority stake. The terminal will handle containers, general cargo, break-bulk, and other freight at the Central West African nation's largest Atlantic port. AD Ports Group previously said it planned to invest about $220m (DHs807m) in the first phase of the project, which includes constructing a 400-metre quay wall with a 16-metre depth and a 10-hectare logistics area. The agreement strengthens the partnership between the two companies following the December 2024 inauguration of CMA Terminals Khalifa Port, an $845m facility expected to increase Khalifa Port's container capacity by 33 per cent to 7.8 million twenty-foot equivalent units (TEUs) in 2024. CMA CGM holds the leading position in exports from the Republic of the Congo and ranks second in imports and transhipment, with an overall market share of about 35 per cent in container volumes. AD Ports-CMA CGM JV will operate terminal as a multi-user facility The joint venture confirmed that the terminal will operate as a multi-user facility, with AD Ports Group maintaining majority control over its management and operations. 'This agreement further enhances our strategic partnership with CMA CGM in several markets and projects along global trade lines, the latest of which was the inauguration of CMA Terminals Khalifa Port last December,' said Mohamed Eidha Al Menhali, regional CEO of AD Ports Group. 'We believe this partnership will position the Republic of Congo at the centre of maritime trade, in line with projections for annual growth of 3 to 5 per cent in container volumes forecast for the country over the medium term.' Image: Supplied Christine Cabau Woehrel, EVP for Assets and Operations at The terminal has placed an order for three Super Post-Panamax Ship-to-Shore (STS) cranes, part of a new generation of high-performance port equipment. Pointe Noire will also receive nine hybrid Rubber-Tyred Gantry Cranes (RTGs), which reduce diesel consumption by up to 60%, saving around one million litres of diesel annually and cutting carbon emissions by approximately 5,000 tonnes. AD Ports Group has completed an Environmental and Social Impact Assessment (ESIA) for the terminal, adhering to Congolese regulations and International Finance Corporation (IFC) standards. The assessment provided recommendations to enhance the project's social, community, and environmental performance. The CMA CGM Group operates 60 port terminals across 30 countries, supporting Central and West African supply chains through its fleet and infrastructure, including Lekki Deep Sea Port in Nigeria and Kribi Container Terminal in Cameroon. Read:
Trade Arabia
06-02-2025
- Business
- Trade Arabia
AD Ports to develop, operate multipurpose terminal in Congo
AD Ports Group, an enabler of integrated trade, transport and logistics, today (February 6) signed a shareholders' agreement with the CMA CGM Group, a global player in sea, land, air, and logistics solutions, through its subsidiary CMA Terminals, to jointly develop, manage and operate the New East Mole multipurpose terminal in Pointe Noire, Congo-Brazzaville. The move is linked to AD Ports Group receiving a 30-year extendable concession for the terminal in June 2023. Under this deal, AD Ports Group and the CMA CGM Group have set up a joint venture, majority-owned by AD Ports Group, to develop, manage, and operate New East Mole multipurpose terminal at the Port of Pointe Noire. The new venture will handle containers, general, break-bulk and other types of cargo at the Central West African nation's biggest Atlantic port. At the time it obtained the concession, AD Ports Group said it expected to invest about $220 million to build a 400-m quay wall at 16-metre depth, plus a 10-hectare logistics area, during Phase 1 of the project. In the Republic of Congo, CMA CGM shipping line holds the leading position in exports and ranks second in imports and transshipment, with historically an overall container volume market share in the country of about 35%. The JV has confirmed that the terminal will be operated as a ' multi-user ' facility and AD Ports Group will maintain controlling majority ownership in management and operation of the terminal and as such the operations will still be fully consolidated. AD Ports Group Regional CEO Mohamed Eidha Al Menhali said: "This agreement further enhances our strategic partnership with CMA CGM in several markets and projects along global trade lines, the latest of which was the inauguration of CMA Terminals Khalifa Port last December." "Our collaboration at the port of Pointe Noire is a continuation of this association. We look forward to jointly developing and managing phase 1 of the New East Mole multipurpose terminal with the CMA CGM Group," he stated. "We believe this partnership will position the Republic of Congo at the centre of maritime trade, in line with projections for annual growth of 3% to 5% in container volumes forecast for the country over the medium term," he added. Christine Cabau Woehrel, Executive Vice President for Assets and Operations, CMA CGM Group, said: "Our investment with AD Ports Group at the Port of Pointe Noire is a new milestone of our of our strategic collaboration between CMA T and AD Ports Group as we enable modern, sustainable ports and maritime infrastructure for the next wave of global trade." "We look forward to bringing the operational and economic benefits of this collaborative, sustainable approach to The Republic of the Congo and to its importers and exporters," he noted.
