SaifPowertec Restricted, a listed agency lively in ports, logistics, civil engineering, and energy sectors, has signed a long-term commerce facilitation and delivery settlement with Safeen Feeders, a priority of UAE-based AD Ports Group.

With this settlement, SaifPowertec Ltd turns into the primary Bangladeshi firm to function within the delivery and logistics sector overseas.

On 15 April, AD Ports Group introduced the settlement on their web site. 

Underneath the phrases of the settlement, the 2 corporations will work intently to facilitate commerce and cargo providers from UAE’s Fujairah Port to Bangladeshi ports over a interval of 15 years. 

Tarafder Md Ruhul Amin, managing director of SaifPowertec, stated in a press launch, “We’re happy to announce the beginning of our shut partnership with AD Ports Group’s Safeen Feeders, which has tremendously enhanced our capabilities as Bangladesh’s sole terminal operator to facilitate the motion of dry cargo on the worldwide degree.”

“Boasting a capability of 55,000 DWT, Safeen Feeders’ bulk carriers, which will probably be supplied on a bareboat or time constitution foundation, are anticipated to grasp vital returns and ship actual advantages for our prospects,” he stated.

Captain Maktoum Al Houqani, chief govt officer of Maritime Cluster at AD Ports Group, stated, “Our latest collaboration with SaifPowertec not solely introduces a brand new providing for purchasers that could be a quick and low-cost service for his or her dry bulk delivery wants, however will even have an amazing influence on maritime commerce throughout our mixed spheres of affect.

“Leveraging Safeen Feeders’ experience as a number one maritime service supplier, in addition to the superior capabilities of its modernised fleet, Saif is well-positioned to speed up the commerce of dry development supplies between the UAE and Bangladesh, together with different dry cargo items to key markets throughout the area and past,” he added.

As a part of the collaboration, Safeen Feeders is anticipated to supply eight Supramax bulk carriers with 55,000 Deadweight Tonnage (DWT) capability to SaifPowertec, AD Ports Group stated of their announcement.

The group additional added that along with facilitating the motion of common cargo and dry bulk cargo between Fujairah Port to ports in Chattogram and Mongla in Bangladesh, the brand new bulk delivery providing will even oversee cargo operations to the Indian subcontinent, South-East Asia, and different international locations.

This association will enable for simpler and low-cost cargo of products from the UAE, firm authorities stated.

For this, SaifPowertec has launched a subsidiary firm, Saif United Delivery & Buying and selling, within the UAE.

A senior officer of SaifPowertec, requesting anonymity, stated the corporate will constitution eight ocean-going vessels from Safeen Feeder to move items. The vessels will probably be operated by Saif United Delivery.

The vessels are every anticipated to fetch an revenue of Tk154 crore for SaifPowertec, registering a revenue of Tk15.48 crore.

Safeen Feeder is a UAE-based container feeder service firm launched in 2020 by AD Ports Group, with a deal with the container distribution community within the Arabian Gulf and Indian subcontinent.

Captain Ammar Mubarak Al Shaiba, CEO of Safeen Feeders and appearing CEO of Ports Working Firm at AD Ports Group, stated, “At this time’s announcement marks not solely the official begin of a brand new collaboration between AD Ports Group and considered one of Bangladesh’s main logistics service suppliers, but additionally heralds a brand new period of maritime commerce facilitation between our two proud nations and their respective ports.

“Along with boosting commerce between the UAE and Bangladesh, the collaboration with SaifPowertec brings a brand new alternative to ship an enhanced cargo service to prospects throughout the Indian subcontinent, South-East Asia, in addition to different high-profile international locations,” he stated.

Each corporations will collectively personal and function bulk delivery providers that may promote maritime commerce between the Mena (Center East and Northern Africa) area and Asian subcontinent. 

Different areas of potential collaboration involving SaifPowertec embrace the leasing of berths and doubtlessly jetties to develop and enhance the cargo operations, together with the adoption of warehouse storage options supplied by AD Ports Group.

The scope of the settlement additionally covers future areas of collaboration to collectively develop and spend money on the maritime infrastructure and initiatives of Bangladesh and the United Arab Emirates.

In keeping with the Bangladesh Financial institution knowledge, within the fiscal yr 2020-21, the nation imported items price $1.32 billion from the UAE, which was 83% larger than the earlier yr.

Within the fiscal yr 2020-21, items price $0.49 billion had been exported from Bangladesh. Within the first seven months of the present monetary yr, the worth of exports already stands at $0.41 billion.

SaifPowertec is the nation’s lone terminal operator, dealing with round 58% of containers on the Chattogram Port. It additionally handles containers at Mongla and Pangoan ports.

The corporate can be concerned in logistics and civil engineering, electrical tools and automotive or automotive batteries.