AD Ports Group-owned leading container feeder operator, SAFEEN Feeders has entered into long-term trade facilitation and shipping agreement with Bangladesh’s Saif Powertec Limited.
As part of the agreement, both organizations will collaborate to boost trade and cargo services from Fujairah to Bangladesh over a period of 15 years. Supporting their relationship, SAFEEN Feeders is expected to provide eight Supramax bulk carriers with 55,000 Deadweight Tonnage (DWT) capacity to Saif Powertec.
Apart from facilitating the movement of general cargo and dry bulk cargo between Fujairah Port in the UAE to port facilities in Chattogram and Mongla in Bangladesh, the new bulk shipping offering will also manage cargo operations to the Indian subcontinent, South-East Asia, and other global destinations.
“Our newest collaboration with Saif Powertec not only introduces a new offering for customers that is a fast and low-cost service for their dry bulk shipping needs, but will also have a tremendous impact on maritime trade across our combined spheres of influence.”
Capt. Al Houqani further added that, “Leveraging SAFEEN Feeders’ expertise as a leading maritime service provider, as well as the advanced capabilities of its modernized fleet, Saif is well-positioned to accelerate the trade of dry construction materials between the UAE and Bangladesh, along with other dry cargo goods to key markets across the region and beyond.”
Sharing his view on the partnership, Captain Ammar Mubarak Al Shaiba, CEO SAFEEN Feeders and Acting CEO of Ports Operating Company at AD Ports Group, observed that, “Today’s announcement marks not only the official start of a new collaboration between AD Ports Group and one of Bangladesh’s leading logistics service providers, but also heralds a new era of maritime trade facilitation between our two proud nations and their respective ports.
“In addition to boosting trade between the UAE and Bangladesh, the collaboration with Saif Powertec brings a new opportunity to deliver an enhanced cargo service to customers across the Indian subcontinent, South-East Asia, as well as other high-profile global destinations,” Capt Al Shaiba added.
Tarafder MD Ruhul Amin, Managing Director of Saif Powertec, stated, “We are pleased to announce the start of our close partnership with AD Ports Group’s SAFEEN Feeders, which has greatly enhanced our capabilities as Bangladesh’s sole terminal operator to facilitate the movement of dry cargo at the international level.”
Mr. Amin elaborated that, “Boasting a capacity of 55,000 DWT, SAFEEN Feeders’ bulk carriers, which will be offered on a bareboat or time charter basis, are expected to realise significant returns and deliver real benefits for our customers.”
With the agreement in place, both organizations will collectively own and operate bulk shipping services that will boost maritime trade between the MENA region and Asian Subcontinent.
Other areas of potential collaboration involving Saif Powertec include the leasing of berths and potentially jetties to develop and improve the cargo operations, along with the adoption of warehouse storage solutions offered by AD Ports Group.
The scope of the agreement also covers future areas of collaboration to jointly develop and invest in the maritime infrastructure and projects of Bangladesh and the United Arab Emirates.
Launched in 2020, SAFEEN Feeders was created to serve as AD Ports Group’s container feeder service provider with the goal of enhancing national and regional trade through the provision of vital connectivity across the Arabian Gulf and the Indian Subcontinent’s container distribution network.
Today, the organization delivers its unique service to a wide range of shipping companies and regional clients active within key regional ports, including those based in the UAE, Saudi Arabia, Oman, Bahrain, Iraq, Pakistan, and India.