AD Ports on acquisition streak
NewsAD Ports Group is pushing further with its expansion strategy, having recently acquired Egypt-based Safina B.V. through its Noatum brand and taken majority stake in Georgia’s Tbilisi Dry Port.
Noatum Málaga drops boxes
While InterSagunto Terminales is pushing for shortsea and feeder traffic at Sagunto (see “Gearing up”, p9), further down the coast in Málaga, Noatum is giving up on containers.
From a high of around 500,000 TEU/year prior to the 2008-09 crisis, throughput declined to just 90,000 TEU last year, and in the first half of this year only 15,000 TEU crossed the quay. The company is turning its attention to the dry bulk sector, particularly agribulks, where it sees good opportunities.
Read this item in full
This complete item is approximately 100 words in length, and appeared in the August 2015 issue of WorldCargo News, on page 7. To access this issue download the PDF here
You just read one of our articles for free
To continue reading, subscribe to WorldCargo News
By subscribing you will have:
- Access to all regular and exclusive content
- Discount on selected events
- Full access to the entire digital archive
- 10x per year Digital Magazine