The two parties intend to collaborate on the construction of two container vessels
Noatum Maritime, the Maritime & Shipping arm of AD Ports Group, has strengthened its collaboration with Kazakh partners by signing Heads of Terms with Kazakhstan National Shipping Company – KazMorTransFlot (KMTF), a subsidiary of KazMunayGas, the Kazakh National Oil Company, to expand operations in the Caspian Sea region.
The two parties intend to collaborate on the construction of two container vessels, specifically designed for operations in the Caspian Sea, each with a capacity exceeding 500 TEUs.
These relatively larger (to existing capacity in the Caspian Sea), modern shallow draft vessels would offer enhanced turnaround times and provide increased capacity, while advanced cargo handling systems would support improved scheduling and operational efficiency.
Oil transportation
The parties are also working to expand their tanker fleet for crude oil transportation to further support Kazakhstan’s energy sector and deepen the collaboration.
“This Heads of Terms not only solidifies our bond but also paves the way for new opportunities and shared growth,” remarked Captain Ammar Al Shaiba, CEO-Maritime & Shipping Cluster, AD Ports Group.
“Together we are creating new opportunities that will benefit not only our organizations, but also the wider economy,” stated Aidar Orzanhov, Director General, KazMorTransFlot.