AD Ports Group’s shipping arm Safeen — through directly owned Safeen Offshore and Subsea, and Offshore International (OFCO), its joint venture with Dubai’s Allianz Marine & Logistics Services — experienced a very good year in the offshore sector in 2022.

Driven mainly by organic growth, it doubled its offshore fleet by purchasing good quality assets before the market recovery.

According to VesselsValue data, Safeen bought 12 offshore vessels in the first half of 2022.