Emirates Steel and Safeen Group start transshipment services

Emirates Steel and Safeen Group start transshipment services

Emirates Steel, a leading integrated steel producer in the Middle East, and Safeen Group, the marine service arm of Abu Dhabi Ports, both part of ADQ, have announced the commencement of transshipment operations, as part of a 10-year agreement previously signed between the two parties in 2019. As per the agreement, Safeen will work closely with Emirates Steel to provide short marine shipping services for three shipments of iron ore per month and will be responsible for the purchase, rental, delivery, operation and maintenance of cargo ships, trailers, and unloading equipment for the premier steel manufacturer.Serving as the company's latest venture into the transshipment business vertical, and as one of the largest active transshipment agreements (by volume) within the Arabian Gulf region, the contract will be delivered via a converted Post-Panamax bulk “” the largest bulk commercial vessel ever registered under the UAE flag “” along with three self-propelled and self-discharging barges, and a wide range of marine assets such as tugs and speed boats.The four vessels will work closely together to discharge and transship cargo arriving from mother vessels, which will vary in size up to Newcastlemax class, and will then safely transport and discharge the raw materials from