Since January 2021, Noatum Project Cargo has been supporting Mexico’s Dos Bocas refinery project, with operations expected to last into 2023.
The large-scale Mexican project has already seen heavy lift and oversized cargoes move to the project site in Tabasco from across the world, with a large portion of equipment originating in Asia, said Noatum.
The company’s project scope includes Customs clearance; handling at the discharge ports, including Dos Bocas, Manzanillo, Veracruz, and Lazaro Cardenas; the transport of breakbulk and containerised cargo; domestic transport of the cargo that originated in Mexico; and warehousing.
As of May 2022, Noatum had handled more than 3.3 million cu m of breakbulk cargo, with more than 30 breakbulk shipments offloaded in Mexican ports and delivered to laydown areas.
On November 2022, HLPFI reported that AD Ports acquired Noatum for USD677 million.
Moving forward, Noatum will lead AD Ports’ Logistics Cluster, consolidating the company’s existing logistics offering into its operations.
This will be AD Ports Group’s third major international acquisition in 2022, following the acquisition of a 70 percent equity stake in Transmar and TCI in September, and the announcement in November of its acquisition of an 80 percent equity stake in Dubai-based Global Feeder Shipping (GFS).
Noatum operates in three business areas – logistics, maritime, and port terminals – with leading positions in Spain and Turkey and a significant presence in the USA, UK, China, and Southeast Asia. In particular, Noatum has advanced capacities in heavy lift logistics, which AD Ports Group said it aims to bring to the region.
Subject to regulatory approvals, the transaction is expected to close in the first half 2023.