AD Ports Takes Over Karachi Port East Wharf Operations

AD Ports - Merchant navy info

Under the agreement, Karachi Gateway Terminal Multipurpose Limited (KGTML). A joint venture between AD Ports and also Kahir Terminals. Will develop, operate, and manage Berths 11 to 17 at Karachi’s East Pier. The new concession grants KGTML a 1. 5 km long quay for general and also bulk cargo operations, handling bulk. General cargo primarily made of steel, paper, clinker, grain, and fertilizers. KGTML intends to invest $75 million during the first two years of the transaction. Consisting of upfront fees, prepayments, and investments in superstructure and equipment. AD Ports said an additional $100 million will be invested over five years to increase efficiency. And also production capacity by 75%. 

The Bulk and General Cargo Terminal handles approximately 8 million tons per year and is expected to reach a capacity of 14 million tons per year after the investment. In the near term, sales are expected to be approximately $30 million and EBITDA approximately $10 million, with accretion thereafter. In June 2023, AD Ports received a container operations concession from Karachi Gateway Terminals Limited (KGTL)  on the 800-meter quay length of Berths 6 to 10 at East Wharf. The signing of the latest agreement for the adjacent berth gives the group full control of East Pier. AD Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of Ports Group, said:  

“Our goal is to transform Karachi Port into a dynamic hub for global trade, equipped with state-of-the-art infrastructure and also innovative digital solutions.

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