Latest news with #HyundaiSamhoHeavyIndustries
Zawya
17-03-2025
- Business
- Zawya
First dual-fuel methanol vessel calls at Khalifa Port
The CMA CGM Iron made a historic call at CMA Terminals Khalifa Port on Friday (March 14), becoming the first dual-fuel methanol container vessel sailing to Abu Dhabi. Through this milestone, AD Ports Group and the CMA CGM Group deepen their cooperation in maritime decarbonization, a statement said. The CMA CGM ship built by Hyundai Samho Heavy Industries of Korea is a dual-fuel vessel able to run both on conventional and alternative fuels such as bio-methanol and e-methanol. Saif Al Mazrouei, CEO Ports Cluster, AD Ports Group, said: 'The arrival of the CMA CGM Iron dual-fuel container vessel is a sign of things to come in the global maritime industry, where AD Ports Group, under the wise guidance of our UAE leadership, is a leader in developing the infrastructure for a sustainable future, such as the storage and distribution of biofuels. We are committed to providing a viable commercial biofuels infrastructure at Khalifa Port, not only for our shipping customers, but also for clients in our Kezad economic cities, many of whom are increasingly introducing biofuels in their own operations''. Christine Cabau Woehrel, Executive Vice President for Assets and Operations, CMA CGM Group, added: 'The arrival of the first dual-fuel methanol vessel at Khalifa Port marks a significant milestone in our journey towards Net Zero Carbon by 2050. It underscores the shared ambition of the CMA CGM Group and AD Ports Group to position CMA Terminals Khalifa Port as a sustainable, cutting-edge infrastructure, delivering optimal service and strengthening its role as a key hub connecting Asia, Africa, Europe, the Mediterranean, the Middle East, the Gulf, and the Indian Subcontinent.' CMA CGM, a global player in sea, land, air and logistics solutions, is a strategic partner of AD Ports Group. Aside from CMA Terminals Khalifa Port, which was inaugurated in December 2024 and expanded Khalifa Port's capacity by 23%, the companies are jointly developing a multipurpose terminal in Pointe Noire, Republic of Congo. The CMA CGM Iron, which has a container capacity of 13,000 TEUs, is the first of 12 new dual-fuel methanol vessels planned by CMA CGM, who is also planning to launch the Cobalt, Argon, Platinum, Mercury, Helium, Krypton, Thorium, Osmium, Silver, Copper, and Gold dual-fuel vessels this year and in 2026. The Group's dual-fuel methanol vessels represent a major milestone on the CMA CGM Group's path towards Net Zero Carbon by 2050, and highlights the Group's strategic and technological partnership with Hyundai Samho Heavy Industries and Korea to decarbonize the shipping industry. The CMA CGM Iron made its call in Abu Dhabi as part of CMA CGM's CIMEX1 service, which connects Asia to the Middle East Gulf region. CMA Terminals Khalifa Port is a joint venture between CMA CGM unit CMA Terminals (70%) and AD Ports Group (30%). With investments in 60 terminals worldwide, CMA CGM Group continues to enhance its presence in port management, supporting the growth of its shipping lines, and delivering optimal service quality to customers. Ideally situated between Abu Dhabi and Dubai, CMA Terminals Khalifa Port aims to become a key hub connecting Asia, Africa, Europe, the Mediterranean, the Middle East, the Arabian Gulf, and the Indian subcontinent. The terminal has an initial annual handling capacity of 1.8 million TEUs. With two berths totaling 800 metres in length, and a depth of 18.5 metres, the terminal is equipped to accommodate and handle the world's largest container ships. CMA Terminals Khalifa Port is outfitted with state-of-the-art, sustainable technology, including 8 next-generation ship-to-shore cranes and 20 electric RTGs, and features seamless connectivity to the Etihad Rail network. The terminal also includes an administrative building powered by renewable energy, including on site solar panels, which was recognized with the MENA Green Building Awards in 2022. A 90-hectare container yard completes the facility, ensuring efficient and smooth port operations. - TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
16-03-2025
- Business
- Trade Arabia
First dual-fuel methanol vessel calls at Khalifa Port
The CMA CGM Iron made a historic call at CMA Terminals Khalifa Port on Friday (March 14), becoming the first dual-fuel methanol container vessel sailing to Abu Dhabi. Through this milestone, AD Ports Group and the CMA CGM Group deepen their cooperation in maritime decarbonization, a statement said. The CMA CGM ship built by Hyundai Samho Heavy Industries of Korea is a dual-fuel vessel able to run both on conventional and alternative fuels such as bio-methanol and e-methanol. Saif Al Mazrouei, CEO Ports Cluster, AD Ports Group, said: 'The arrival of the CMA CGM Iron dual-fuel container vessel is a sign of things to come in the global maritime industry, where AD Ports Group, under the wise guidance of our UAE leadership, is a leader in developing the infrastructure for a sustainable future, such as the storage and distribution of biofuels. We are committed to providing a viable commercial biofuels infrastructure at Khalifa Port, not only for our shipping customers, but also for clients in our Kezad economic cities, many of whom are increasingly introducing biofuels in their own operations''. Christine Cabau Woehrel, Executive Vice President for Assets and Operations, CMA CGM Group, added: 'The arrival of the first dual-fuel methanol vessel at Khalifa Port marks a significant milestone in our journey towards Net Zero Carbon by 2050. It underscores the shared ambition of the CMA CGM Group and AD Ports Group to position CMA Terminals Khalifa Port as a sustainable, cutting-edge infrastructure, delivering optimal service and strengthening its role as a key hub connecting Asia, Africa, Europe, the Mediterranean, the Middle East, the Gulf, and the Indian Subcontinent.' CMA CGM, a global player in sea, land, air and logistics solutions, is a strategic partner of AD Ports Group. Aside from CMA Terminals Khalifa Port, which was inaugurated in December 2024 and expanded Khalifa Port's capacity by 23%, the companies are jointly developing a multipurpose terminal in Pointe Noire, Republic of Congo. The CMA CGM Iron, which has a container capacity of 13,000 TEUs, is the first of 12 new dual-fuel methanol vessels planned by CMA CGM, who is also planning to launch the Cobalt, Argon, Platinum, Mercury, Helium, Krypton, Thorium, Osmium, Silver, Copper, and Gold dual-fuel vessels this year and in 2026. The Group's dual-fuel methanol vessels represent a major milestone on the CMA CGM Group's path towards Net Zero Carbon by 2050, and highlights the Group's strategic and technological partnership with Hyundai Samho Heavy Industries and Korea to decarbonize the shipping industry. The CMA CGM Iron made its call in Abu Dhabi as part of CMA CGM's CIMEX1 service, which connects Asia to the Middle East Gulf region. CMA Terminals Khalifa Port is a joint venture between CMA CGM unit CMA Terminals (70%) and AD Ports Group (30%). With investments in 60 terminals worldwide, CMA CGM Group continues to enhance its presence in port management, supporting the growth of its shipping lines, and delivering optimal service quality to customers. Ideally situated between Abu Dhabi and Dubai, CMA Terminals Khalifa Port aims to become a key hub connecting Asia, Africa, Europe, the Mediterranean, the Middle East, the Arabian Gulf, and the Indian subcontinent. The terminal has an initial annual handling capacity of 1.8 million TEUs. With two berths totaling 800 metres in length, and a depth of 18.5 metres, the terminal is equipped to accommodate and handle the world's largest container ships. CMA Terminals Khalifa Port is outfitted with state-of-the-art, sustainable technology, including 8 next-generation ship-to-shore cranes and 20 electric RTGs, and features seamless connectivity to the Etihad Rail network. The terminal also includes an administrative building powered by renewable energy, including on site solar panels, which was recognized with the MENA Green Building Awards in 2022. A 90-hectare container yard completes the facility, ensuring efficient and smooth port operations. - TradeArabia News Service
Trade Arabia
28-01-2025
- Business
- Trade Arabia
Nakilat's net profit for FY 2024 surges 5pc to $436m
Qatar Gas Transport Company (Nakilat) has delivered solid results for FY 2024, registering a net profit of QAR1.64 billion ($436 million), up 5.1% over the previous year. Announcing its financial results for the 12-month period ended December 31, 2024, Nakilat said this stable growth underscores Nakilat's operational efficiency, its ability to seize emerging opportunities, which has been evident in our 2024 newbuild announcements and its resilience in navigating the challenges of the global energy transportation market. The Qatari group said 2024 had been a transformative year defined by its strategic vision and operational resilience. Through innovative practices and a focus on excellence, Nakilat has successfully managed the challenges of the global shipping environment, driving sustained growth. Nakilat pointed out that its commitment to meeting the growing demand for clean energy transport continues to take shape. Impressed with the performance, the board of directors has recommended the distribution of cash dividends of QAR7 per share for H2 2024. This is in addition to the half yearly interim cash dividend of QAR7 per share, which was already distributed for H1. With this, the total dividend amount distributed for 2024 has hit QAR14 per share, stated Nakilat in a statement. On the solid results, CEO Engineer Abdullah Al Sulaiti said: "Nakilat's strategic fleet expansion is supported by its focus on achieving the highest standards of occupational health and safety, sustainability and innovation across all aspects of safe and reliable operations to meet the increasing global demand for clean energy transportation." "As the company looks to the future, it remains committed to delivering value to its shareholders and partners ensuring long-term growth and success," stated Al Sulaiti. "Our financial and operational achievements in 2024 reflect the commitment and dedication of our team in delivering clean energy to the world safely and efficiently. These accomplishments are a testament to Nakilat's robust business strategy, its focus on customer-centricity, and its alignment with Qatar National Vision 2030," he added. This year, Nakilat advanced its shipbuilding program with Hyundai Samho Heavy Industries, which includes six advanced gas carriers under construction. This program comprises two LNG carriers, each with a cargo capacity of 174,000 cu m, and four modern LPG/Ammonia carriers, each with a capacity of 88,000 cu m, said the top official. "The fleet expansion strategy is also strengthened by new long-term contracts with QatarEnergy for operating and chartering the nine QC-Max LNG carriers, each with a capacity of 271,000 cu m, and 25 conventional LNG carriers, each with a capacity of 174,000 cu m. Upon completion of these projects, Nakilat's fleet will expand to a total of 114 ships, reinforcing our leadership in clean energy transportation and our capacity to meet growing global energy needs," he noted.
