EGA, Abu Dhabi Ports partner to streamline shipping to UAE
Aluminium producer EGA has signed a memorandum of understanding with Abu Dhabi Ports to improve and streamline shipping services from ports in Guinea to the United Arab Emirates. The move could lead to lower shipping costs ahead of the development of EGA's bauxite mine in the African country, set to supply aluminum-smelting operations in UAE. Abu Dhabi Ports operates the Kamsar container quay, built by EGA in Guinea, while Abu Dhabi Ports CEO Mohamed Juma Al Shamisi said both companies stood to gain economically from upgrade projects. 


BFW 03/06 07:51 *EMIRATES GLOBAL ALUMINIUM SAYS SIGNS MOU WITH ABU DHABI PORTS

Emirates Global Aluminium Says It Signs MOU With Abu Dhabi Ports
2018-03-06 08:24:26.600 GMT


By Bruce Stanley
(Bloomberg) -- Deal with Abu Dhabi Ports could lead to
improvements in overseas ports, logistics infrastructure and
services EGA uses to load raw materials destined for U.A.E., EGA
says in emailed statement.
* EGA already works with Abu Dhabi Ports in Guinea; MOU could
lead to lower shipping costs for U.A.E.-based aluminum producer:
EGA CEO Abdulla Kalban in statement 
* NOTE: EGA is developing a bauxite mine in Guinea to supply
aluminum smelting operations in U.A.E.
* Abu Dhabi Ports is operator of container quay EGA built at
Kamsar, Guinea, to unload equipment and materials for bauxite
mine 
* “Abu Dhabi Ports’ expertise in developing ports and interest
in investing internationally, combined with EGA’s demand to use
port facilities, should make upgrade projects economically
attractive to the benefit of everybody”: Abu Dhabi Ports CEO
Mohamed Juma Al Shamisi in statement
Abu Dhabi: Abu Dhabi Ports will partner with Emirates Global Aluminium to upgrade ports and logistics infrastructure at international ports which EGA uses to load raw materials destined for the UAE.

A Memorandum of Understanding in this regard was signed by Capt Mohammad Juma Al Shamsi, Chief Executive Officer of Abu Dhabi Ports, and Abdullah Kalban, Managing Director and Chief Executive Officer of Emirates Global Aluminium (EGA) in Abu Dhabi.

The agreement is expected to enable more efficient shipping at international ports and benefit both companies.

“EGA already works with Abu Dhabi Ports at Khalifa Port in Abu Dhabi and at Kamsar in the Republic of Guinea. This MoU paves the way for further opportunities through which Abu Dhabi Ports can develop its international business, whilst lowering EGA’s shipping costs through the upgrading of the ports that we use,” Kalban said in a statement.

EGA shipped approximately six million tonnes of bulk raw materials such as alumina, coke and pitch from some 20 ports worldwide last year.

According to a statement on Tuesday, the two companies cited various bottlenecks at ports ranging from shallow channels that only allow smaller vessels to berth, to manual rather than automatic loading, to limited rail capacity at the port that can reduce the efficiency of shipping.