EMSTEEL Group, one of the region’s largest publicly traded integrated steel and building materials manufacturers, has signed a new long-term freight agreement with Oldendorff Carriers covering the import of key raw materials to the UAE.
Under the renewed five-year agreement, Oldendorff Carriers will continue to provide dedicated bulk shipping services for EMSTEEL’s raw material imports, ensuring safe, reliable and efficient maritime logistics. The contract, with a total indicative value of approximately AED 600 million over its term, reflects the scale and strategic importance of the partnership.
The agreement builds on more than 20 years of collaboration between the two companies, a relationship that has supported EMSTEEL’s industrial expansion and strengthened the resilience of its supply chain. As part of the arrangement, Oldendorff Carriers will manage the transportation of approximately 5.2 million tonnes of iron ore pellets annually from multiple global sources. The shipments represent a critical logistical link between EMSTEEL and its suppliers, enabling seamless coordination, dependable deliveries and close supply chain integration.
Eng. Saeed Ghumran Al Remeithi, Group CEO of EMSTEEL, said the agreement reinforces the company’s commitment to working with trusted partners. “This long-term agreement with Oldendorff Carriers reaffirms our focus on reliability, operational excellence and performance. It ensures the steady and efficient flow of raw materials required to produce the steel that underpins regional infrastructure, industrial development and sustainable growth,” he said.
Patrick Hutchins, CEO of Oldendorff Carriers, highlighted the strength of the long-standing relationship between the two organisations. “We are proud to continue our partnership with EMSTEEL. Over the years, our collaboration has been built on trust, transparency and shared objectives. We look forward to further strengthening this cooperation in the years ahead,” he said.
The renewed agreement underscores the shared commitment of both companies to long-term collaboration, operational reliability and mutual growth. By securing stable raw material transport capacity, EMSTEEL aims to maintain production continuity and support the ongoing development of the UAE’s industrial and construction sectors.
EMSTEEL signs AED 600m freight deal with Oldendorff
