ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of Abu Dhabi National Oil Company (ADNOC), recently acquired all the UAE-based assets of Speedy Hire PLC (Speedy), a UK provider of tools and equipment hire for the oil and gas, construction, and industrial sectors. Under the terms of the acquisition, ADNOC L&S will take ownership of Speedy’s equipment, stock and other fixed assets relating to its Middle East business. The acquisition adds more than 2,000 pieces of equipment, including cranes, forklifts, firetrucks and other high-value machinery used for offshore and onshore material handling services, to ADNOC L&S’…
Author: Jochebed Menon
Jochebed Menon
Jochebed Menon is the Editor of Logistics News Middle East. She covers issues related to the logistics and supply chain industries in the region. She’s been a journalist since 2012 and has primarily worked on B2B titles in travel, hospitality, aviation, and construction.
DP World, UAE Region, has completed the implementation of ZODIAC, a terminal operating system (TOS), in Jebel Ali Port’s Container Terminal 3 (CT3). The fully automated system includes advanced solutions for remote control of the port’s facilities. With this achievement, CT3 will be able to integrate with any terminal that uses the same automation system. Thus, enhancing its ability to ensure smooth operations even during crises, providing businesses with complete support to access the global supply chain with high efficiency and capacity. Mohammed Al Muallem, CEO and Managing Director, DP World, UAE Region, said: “We have promised our leadership in…
Dubai-based performance materials company Pearl Polyurethane Systems is accelerating its growth course with its parent entity Pearl Overseas Industries. It signed an agreement to acquire the remaining 51% shareholding in Pearl Covestro Polyurethane Systems. Pearl Industries will take ownership in the company to 100%, acquiring the additional shareholding from its former joint-venture partner, Covestro AG. Headed by incoming former-Bayer executive Martin Kruczinna, who will take over the role of CEO, the newly independent company has been rebranded Pearl Polyurethane Systems LLC. Both parties have reconfirmed their ongoing partnership through a long-term supply and technical service agreement. Financing of the deal…
FedEx Express, a subsidiary of FedEx Corp and one of the world’s largest express transportation companies, has been recognised with an award for ‘Best Gender Equality Workplace’ by the World HRD Congress at the Diversity and Inclusion Leadership Awards 2021. The Diversity and Inclusion Leadership Awards recognise and celebrate individuals, advisory firms, industry partners, and institutions for their work and passion in enabling diversity and inclusion initiatives. This year, more than 400 organisations participated in the awards conducted by the World HRD Congress. Recently, FedEx Express launched the Leadership, Education, Advancement, and Placement (LEAP) initiative in its Middle East, Indian…
Emirates Steel plans to add Hot Rolled Coils (HRC) to its wide-range products portfolio so that it can meet the needs of the local and regional markets of the high-quality flat products. The steel producer is currently conducting a comprehensive evaluation for the project to construct a fully automated first-of-its-kind HRC plant in MENA region. Upon completion, the new plant is set to boost Emirates Steel’s production capacity to exceed 5 million tonnes per annum. Thanks to the latest technologies, the new plant will have the lowest carbon footprint in the region. The new flat products serve several industries and…
Al Masaood Group signed a Memorandum of Understanding (MoU) with SAAED, a provider of traffic safety services, and parking and inspection innovative systems, to improve customer experience through the delivery of front-line services and solutions that meet public needs. Under the terms of the agreement, the two parties will lay the foundation for more efficient roadside assistance operations and services, exchange experiences and knowledge, and provide competitively priced transport fleets in Abu Dhabi. Both sides also agreed to enhance their coordination to develop inspection and compliance services in small- and medium-sized commercial ports, tourist and fishermen ports and yacht berths…
Provider of military maintenance, repair, and overhaul (MRO) services AMMROC and Dubai Air Wing (DAW), have agreed to extend their relationship in supporting DAW’s fleet of C-130 / L-100 aircraft at AMMROC’s MRO Al Ain (MRO AA) facility, starting with the next Periodic Depot Maintenance (PDM) scheduled late Q1 2021. The agreement reinforces AMMROC’s status as a market leader in MRO services in the region and emphasises the company’s long-term partnership and commitment to DAW, as well as its relentless efforts to expand the operational scope of MRO AA. Speaking on the significance of the agreement with DAW, Hareb Al…
An internally developed system ‘mUnity’ by Hope Consortium, an Abu Dhabi-led public-private partnership delivering COVID-19 vaccines globally, is helping ensure full visibility, safety and security, and tamper-proof distribution of the COVID-19 vaccines, despite the complexities of their transportation. Developed by Maqta Gateway, Abu Dhabi Ports’ digital technologies subsidiary and a founding member of the Hope Consortium, mUnity is a proprietary custom-built digital system that employs blockchain technology that is being used to track and trace COVID-19 vaccine sourcing, storage, shipment, and all related data in real-time at every step of the vaccine journey. The system features robust end-to-end visibility of…
The Michelin Group is committed to making its tires 100% sustainable by 2050 after being inspired by the VISION concept tire introduced in 2017, an airless, connected, rechargeable and entirely sustainable solution. Today, nearly 30% of the components used in the manufacture of tires produced by Michelin are already made from natural, recycled or otherwise sustainable raw materials. A Michelin tire comprises of more than 200 materials. The main one being natural rubber, but the many other parts include synthetic rubber, metal, fibres, and components that strengthen a tire’s structure, like carbon black, silica, and plasticisers (resins, etc.). Incorporated in…
Majid Al Futtaim reported a revenue of Dhs32.6 billion and EBITDA of Dhs3.8 billion, representing declines of 7% and 19%, respectively, driven by the impact of the COVID-19 pandemic, in its audited operational and financial results for 2020. The company’s assets decreased 6% to approximately Dhs59.1 billion. Alain Bejjani, Chief Executive Officer, Majid Al Futtaim commented on the company’s 2020 results, “Despite the extraordinary events of 2020, Majid Al Futtaim’s full year performance demonstrated the resilience of our people and business model, diverse portfolio, operational agility, proactive investments and prudent financial risk management. “The fact that we have experienced growth…