PROJECT

Projects

Environmental Review Summary

Project Number

24669

Company Name

CTI GROUP INC.

Date ERS Disclosed

Mar 7, 2006

Country

Jordan

Region

Middle East

Environmental Category

B - Limited

Status

Completed

Previous Events

Approved : May 26, 2006
Signed : Jun 22, 2006
Invested : Jul 24, 2006

Sector

Water Transportation

Industry

other

Department

Gbl Infrastructure & Natural Resources

Project Description

Ranked among the largest specialized cement carrier fleet owners in the world, CTI Group Inc. (CTI or the Group) activities cover all aspects of logistics for the specialized cement trade including trading, handling, and transport. Operating on a global basis, the Group is embarking on an investment program that will renew and expand its fleet of cement carriers and floating terminals (12 vessels, including 2 floating terminals). The fleet renewal (involving both acquisition of new vessels and dry docking of existing ones) will help CTI reduce its operating costs (staffing and insurance), optimize its fleet structure and expand its transport operations.

Environmental and Social

Conclusion & Monitoring