General – Fleet Expansion
AD Ports Group, a global leader in trade, logistics and industry, has purchased 10 offshore vessels for $200 million that is aimed at bolstering offshore operations in the Middle East and Southeast Asia.
All 10 vessels are expected to be delivered in Q4 2023 with financial consolidation taking place from Q1 2024 onwards.
The acquisitions from international Offshore Supply Vessel owner and operator E-NAV, encompass a variety of offshore vessel types, including Multipurpose Supply Vessels (MPSVs), Platform Supply Vessels (PSVs), Diving Support Vessels (DSVs) and Accommodation Workboats (AWB’s).
Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group, said: “I am pleased to announce this key investment, the expansion of our offshore fleet is a significant move in our strategic objective to fortify and enhance our Middle East and Southeast Asia footprint. We recognise the increasing demand in the energy sector, thereby, through bolstering our fleet, our Group is better positioned to demonstrate our role as a premier offshore service provider within these regions, whilst meeting the diverse and growing demands of our customers.”