The financial report of AD Ports Group, the largest port operator in the UAE, shows that thanks to efforts to diversify trade routes, the group achieved a 47% year-on-year increase in revenue for the second quarter, reaching US$1.93 billion. As the main trade route, the Strait of Hormuz, was frequently disrupted by blockades, the group expanded all aspects of its alternative shipping, road, rail and air transport routes throughout the UAE in the second quarter to ensure the normal flow of goods during the turbulent period. Cargo handling and feeder services have been diverted to Fujairah Terminal and Khor Fakhan Port in the Gulf of Oman. At the same time, AD Ports Group added 400 trucks, partnered with Etihad Railways to increase the number of rail services, and launched a new air freight solution.
Zhitongcaijing · 2d ago
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The financial report of AD Ports Group, the largest port operator in the UAE, shows that thanks to efforts to diversify trade routes, the group achieved a 47% year-on-year increase in revenue for the second quarter, reaching US$1.93 billion. As the main trade route, the Strait of Hormuz, was frequently disrupted by blockades, the group expanded all aspects of its alternative shipping, road, rail and air transport routes throughout the UAE in the second quarter to ensure the normal flow of goods during the turbulent period. Cargo handling and feeder services have been diverted to Fujairah Terminal and Khor Fakhan Port in the Gulf of Oman. At the same time, AD Ports Group added 400 trucks, partnered with Etihad Railways to increase the number of rail services, and launched a new air freight solution.
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