Category: AD Ports
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AD Ports completes EUR 11.2M acquisition of Astilleros Balenciaga
AD Ports completes EUR 11.2M acquisition of Astilleros Balenciaga Abu Dhabi-based AD Ports Group (ADX: ADPORTS) reports that its subsidiary Safeen Drydocks, part of Noatum Maritime, has acquired 100% ownership of Spanish shipyard Astilleros Balenciaga for a total consideration of EUR 11.2 million. It says that the transaction further consolidates the group’s operations in Spain…
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Damen-built Bu Tinah sets Guiness World Record as world’s most powerful electric tugboat
Damen-built Bu Tinah sets Guiness World Record as world’s most powerful electric tugboat Demonstrating an average high peak bollard pull of 78.2 tonnes, the Damen RSD-E Tug 2513 Bu Tinah has gained a Guinness World Records title as the world’s most powerful electric tugboat. The Bu Tinah was delivered by Damen earlier this year to…