Arab Bridge Maritime
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| Company type | Public |
|---|---|
| Founded | 1985 |
| Headquarters | Aqaba, Jordan |
Area served | Red Sea |
| Revenue | US $57 million (2009)[1] |
| US $59 million (2009) | |
| Total assets | US $80.0 million (2009) |
| Website | http://www.abmaritime.com.jo |
Arab Bridge Maritime Company (شركة الجسر العربي للملاحة) was founded in November 1985, to connect commercial routes in Asia and Africa. The company was founded by the governments of Egypt, Iraq, and Jordan.
The company has its headquarters in Aqaba and has branches in Amman and Cairo. AB Maritime also has offices in Alexandria, Sharm El Sheikh, Taba, Baghdad, Kuwait, Abu Dhabi, Mecca, Madina, Doha, and in Riyadh.
The company also owns 50% of the Arab Ship Management Company and 30% of Jordan Academy for Maritime studies.
History
Arab Bridge Maritime is the outcome of the significant joint venture between the governments of Jordan, Egypt and Iraq. AB Maritime was founded in November 1985 with a paid-up capital of $6 million distributed equally between the three partner governments. The capital was increased from profits several times to become $81 million in2011.
Due to the strategic location of both Aqaba and Nuweiba as the only gateway between the Arab countries in both Africa and Asia, the company was granted an exclusive concession by the governments of Jordan and Egypt to operate the Aqaba-Nuweiba ferry service line for the transportation of passengers, goods and vehicles of all sorts.
The Company started its operations with hired vessels, but AB Maritime currently owns its own fleet of six vessels with an estimated value of over $80 million and is planning to increase its fleet force in the near future in order to serve the current expansion of its operations.
AB Maritime is managed by an elected executive team of professionals nominated by the Board of Directors.[citation needed]
Executive Management
Mr. Hussien Al soub Managing Director
Adm. Yousry El Akhras Deputy Managing Director
Capt. Kathem Taher Hashim Deputy Managing Director
General Info
ABMaritime’s capital was increased from profits to become $81 millions in 2011. The launching of “Book in Advance” automated service which allows the customers to book their tickets prior to the trip from any ABM offices at Jordan, KSA, Egypt, Syria and Arab states of the Persian Gulf countries. Build a desalination plant in Nuweiba to provide pure water to the fleet. Signing contracts with new agents in Syria, KSA and Persian Gulf countries. AB maritime chosen as the agent for land and maritime Iraqi imports from Jordan.
AB Maritime also owns:
50% shares from the Arab Ship Management Ltd. 30% shares of the Jordanian Academy for Maritime Studies Permanent offices in Aqaba, Amman, and Cairo Desalination plant in Nuweiba’.
Shipping lines:
Ab-maritime operates in the red sea on the lines between:
Aqaba – Nuweiba
Morocco- Spain
Malta - Libya
Touristic line
AB Maritime introduced the services of high speed crafts “Babel”, "The princess" and "Queen Nefertiti" with the aim of encouraging tourists to visit resorts in South Sinai (Taba, Nuweibaa’, Dahab, and Sharm Al Sheikh) and also to explore the golden triangle in Jordan Aqaba, Rum and Petra.
AB Maritime will work on strengthening the service of the touristic line by using the competitive advantage for Aqaba being an economical free zone and for Petra being one of the Seven Wonders of the World throughout organizing regular touristic trips.
Fleet
The company operates a fleet of six vessels: The Princess, Queen Nefertiti,Babel, Sinaa, Bridge, Aylah And Amman.
The fleet operates on the lines connecting Aqaba in Jordan to Nuwieba in Egypt and Aqaba to Taba.
References
- ^ "Achievements 2008". AB Maritime.