Abu Dhabi Ports (AD Ports), the owner of Safeen Feeders, is reported to be in
talks to acquire Indonesia’s Meratus Line in a transaction that could be valued
at $2Bn. Meratus was reported to be seeking to sell its shipping and logistics
business since July 2023, and AD Ports has emerged as the front runner in sales
process. Meratus was established in 1957 in Surabaya, Indonesia and is the
largest domestic operator in Indonesia. The company expanded its services to
Papua New Guinea in February 20