AD Ports inked an agreement with Kazakhstan Railways to forge a JV to develop a regional logistics hub in Kazakhstan, according to a press release. AD Ports Group will hold a 51% stake, with Kazakhstan Railways holding the remaining 49% stake. The project aims to strengthen logistics services inside Kazakhstan as well as maritime links between the Middle East and Central Asia, opening up new trade routes. The JV will be implemented in phases, with both groups working to develop maritime electronic systems, vessel operations, port and trade development, and railway infrastructure expansion.

The details: The two companies will enhance rail connectivity, maritime shipping services, develop operations at Kazak ports, and accelerate digital transformation and connectivity in Central Asia, the press release said. AD Ports will also leverage Kazakhstan Railways’ expertise in advanced vessel operations, logistics enhancement, and railway infrastructure expansion, according to the release.

Kazakhstan will also get a shipyard: AD Ports also inked a head of terms agreement with Kazakhstan’s state-owned oil and gas company KazMunayGas (KMG) to develop a multifaceted maritime construction and repair facility in the Mangistau region, according to a separate press release. The shipyard is expected to expand the role of AD Ports’ JV with KMG — Caspian Integrated Maritime Solutions (CIMS) — to facilitate the transportation of oil on the Caspian and Black seas by supporting CIMS’ fleet and expanding client services to third parties.

The details: The shipyard will offer a range of services including drydocking, afloat repairs, ship building and refurbishment, and will accommodate diverse vessel types, including bulk carriers, container ships, tankers, offshore vessels, and ferries, the release adds. The agreement also stipulates future collaborations, including the launch of additional vessel services under CIMS.

MORE AD PORTS NEWS-The company inked an agreement with Vietnam to develop commercial prospects: AD Ports and the Vietnamese transport ministry inked an MoU to boost commercial expansion in various logistics-related sectors, according to a press release. The companies will work on developing and managing dry ports, inland container depots, advanced logistics, and digital solutions, while also exploring future projects in economic cities and freezones, the statement reads. The two sides plan to set up a working group to oversee the project’s implementation, it adds.

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