Naming ceremony marks acquisition and commencement of operations
AD Ports Group in collaboration with KazMorTransFlot (KMTF), national shipping company of Kazakhstan, fully-owned by the national Kazakhstan Oil Company – KazMunayGas (KMG), has announced the acquisition and commencement of operations of two state-of-the-art vessels designed for the transportation of Kazakhstan’s oil across the Caspian Sea.
A naming ceremony, marking this significant milestone, took place in Aktau, Kazakhstan, attended by dignitaries including Nurlan Nogayev, Akim of Mangistau Region; Dr. Mohamed Saeed Mohamed Alariqi, Ambassador of the UAE to Kazhakstan; Capt. Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group; and Magzum Mirzagalyev, Chairman of the Management Board of KMG, underscoring the importance of this occasion.
The two oil tankers were named Liwa and Taraz – after ancient cities in the UAE and Kazakhstan, respectively. The two vessels represent a combined investment of USD35 million, and are specifically tailored for the Caspian’s shallow draft, with specifications to meet the stringent requirements of international oil companies.
Investment
This latest investment brings the total number of oil tankers operating under the KMTF agreement to five, following the acquisition of three Aframax tankers earlier in 2023.
“This move symbolises our unwavering commitment to excellence, safety, and sustainable practices as we navigate towards a brighter future for global shipping and trade,” remarked Capt. Ammar Mubarak Al Shaiba, CEO, Maritime & Shipping Cluster, AD Ports Group.
“This will allow us to efficiently, and safely transport Kazakhstani oil in Caspian Sea for further shipment to international markets. We believe that this is only the first step of our long-term cooperation with AD Ports Group,” commented Aidar Orzhanov, General Director, KMTF, National Maritime Shipping Company of Kazakhstan.
