Noatum acquires Egyptian ship agency

Noatum, a Spanish company bought by AD Ports Group last year, has bought a majority stake in Egyptian ship agency Safina.

As a well-established shipping agency, Safina is situated across six office locations, including its headquarters in Cairo which allows it to provide agency services across 15 Egyptian ports, offering liner and tramp agency services as well as transit services through the Suez Canal. 

Safina will be rebranded as Noatum Maritime Egypt. Its founders will retain a minority stake in the business and continue to support the growth of the company.