AD Ports boosts its ties with Kazakhstan: AD Ports Group’s shipping arm Noatum Maritime has inked a heads of terms agreement with Kazakhstan’s national shipping company KazMorTransFlot (KMTF) to build two container vessels tailor-made for operation in the Caspian Sea, according to a statement released on Thursday. Each vessel will have a capacity of over 500 TEUs.

There’s more: The two firms will also work together to develop an intermodal system utilizing high-capacity ferries in the Caspian Sea and the corresponding terminal infrastructure. They will also collaborate to expand their tanker fleet for crude oil transportation.

ICYMI- AD Ports said last week that it is investing some USD 30 mn into the development of Kazakhstan’s Kuryk Port’s Sarzha Grain Terminal gain terminal, in which it will hold a majority stake of 51%. The UAE-based firm first partnered with the Kazakh company in August 2023, announcing plans to potentially invest in a Kazakh grain terminal.

AD Ports has been active in Kazakhstan: AD Ports inked a head of terms agreement with KMG in December 2023 to develop a multifaceted maritime construction and repair facility in the Mangistau region of Kazakhstan. The agreement was part of a JV — Caspian Integrated Maritime Solutions — the two parties formed back in 2022, offering integrated offshore solutions and shipping services in the Caspian Sea.

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