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AD Ports Group expands offshore fleet with $200 million vessel purchase

All ten ships are expected to be delivered in Q4 2023, with economic merger taking place from Q1 2024 onwards.

All ten ships are expected to be delivered in Q4 2023, with economic merger taking place from Q1 2024 onwards.

Strategic Acquisition Aims to Strengthen Offshore Operations in the Middle East and Southeast Asia

AD Ports Group, a prominent player in the maritime and logistics sector, has unveiled its significant investment of approximately $200 million to acquire 10 offshore vessels. 

This strategic move is designed to enhance the group’s offshore operations in the regions of the Middle East and Southeast Asia.

Timely Delivery: Boosting the Fleet in Q4 2023

AD Ports Group has set its sights on a prompt and efficient fleet expansion. All 10 vessels are expected to be delivered during the fourth quarter of 2023. This swift acquisition indicates the group’s commitment to reinforcing its maritime capabilities in a timely manner.

Financial Impact: Consolidation Begins in Q1 2024

The financial implications of this acquisition are also well-structured. AD Ports Group has communicated that the financial consolidation of these vessels will commence from the first quarter of 2024 onwards. 

This well-planned approach ensures that the group can efficiently integrate these assets into its portfolio.

This strategic investment not only bolsters AD Ports Group’s offshore capabilities but also positions the company to meet the growing demands and opportunities in the maritime industry in the Middle East and Southeast Asia.

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