{"id":88998,"date":"2025-09-18T00:00:00","date_gmt":"2025-09-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2025\/09\/18\/socar-taps-msc-to-boost-operations-at-turkeys-socar-terminal\/"},"modified":"2025-09-18T00:00:00","modified_gmt":"2025-09-18T00:00:00","slug":"socar-taps-msc-to-boost-operations-at-turkeys-socar-terminal","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2025\/09\/18\/socar-taps-msc-to-boost-operations-at-turkeys-socar-terminal\/","title":{"rendered":"Socar taps MSC to boost operations at Turkey\u2019s Socar Terminal"},"content":{"rendered":"

MSC snaps up shares in Turkey\u2019s Socar Terminal<\/strong>:<\/strong> Italian shipping giant Mediterranean Shipping Company (MSC) inked an agreement with Socar T\u00fcrkiye, a subsidiary of the State Oil Company of the Azerbaijan Republic (Socar), to become a shareholder of Socar Terminal in Turkey\u2019s Izmir on the Mediterranean, according to a statement<\/a>. The size of the stake and the transaction were not disclosed. <\/p>\n

The rationale: <\/strong>The agreement will see the pair partner on boosting investments in equipment, tech, and digitalization at the terminal in a bid to increase capacity and operational efficiency. TIL will leverage its shipping network and expertise to cap waiting times at the port, according to Azerbaijani outlet Baku WS<\/a>. <\/p>\n

TIL has its fair share in the region: <\/strong>Marsa Maroc inked an agreement with TIL earlier in<\/a>February<\/a> to split ownership of Morocco\u2019s Nador West Med Eastern Container Terminal. The agreement was set to grant TIL 49% ownership of the subsidiary owning the terminal. KSA\u2019s King Abdullah Port is TIL\u2019s most prominent MENA project \u2014 and the Kingdom\u2019s largest transhipment port and second-largest handling facility, according to TIL\u2019s website<\/a>. <\/p>\n

About Socar Terminal:<\/strong> The container terminal \u2014 the largest in the Aegean region \u2014 spans some 420k sqm with a 16-m depth and 30k-sqm back area. It is capable of handling next-generation ULCS-class vessels, accommodating ships weighing up to 165k DWT and handling vessels with a capacity of up to 18k TEUs, according to its website<\/a>. <\/p>\n

The latest from Socar: <\/strong>Syria\u2019s Energy Ministry inked an MoU with Socar earlier in July<\/a> to import gas to Syria through Turkey, mainly for use by power plants in Aleppo and Homs \u2014 a supply expected to generate around 1.2-1.3k MW of electricity. AD Ports subsidiary Safeen Group also signed an MoU with Socar to cooperate with Azerbaijan\u2019s maritime and shipping sectors back in 2023<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Under the agreement MSC subsidiary Terminal Investment Limited will take up shares in Turkey\u2019s Socar Terminal in Izmir, at an undisclosed figure and breakdown<\/p>\n","protected":false},"author":1,"featured_media":88999,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[941],"tags":[137,570,37,123,231],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-88998","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-ma-watch","tag-msc","tag-ports","tag-shipping-maritime","tag-turkey","wpautop","entry"],"acf":{"mongo_id":"9d8ac5a6-aa9e-42cb-a7a4-eb134485e9a6","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/4\/942.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Socar taps MSC to boost operations at Turkey\u2019s Socar Terminal","related_issue":[88993],"teaser":"Under the agreement MSC subsidiary Terminal Investment Limited will take up shares in Turkey\u2019s Socar Terminal in Izmir, at an undisclosed figure and breakdown","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/9\/.9a0433c6-c130-422d-a895-e645ed256d27.mp3"},"yoast_head":"\nSocar taps MSC to boost operations at Turkey\u2019s Socar Terminal - 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