AD Ports Group in collaboration with KazMorTransFlot (KMTF), the nationwide transport firm of Kazakhstan, has introduced the acquisition and graduation of operations of two tankers designed for the transportation of Kazakhstan’s oil throughout the Caspian Sea.
The two oil tankers had been named Liwa and Taraz – after historic cities within the UAE and Kazakhstan, respectively, and have been acquired below AD Ports Group’s three way partnership with KMTF – Caspian Integrated Maritime Solutions (CIMS).
The two vessels symbolize a mixed funding of USD35 million, and are particularly tailor-made for the Caspian’s shallow draft, with specs to fulfill the stringent necessities of worldwide oil corporations. The vessels are additionally outfitted with inert fuel methods.
The vessels will function shuttle tankers, enterprise consecutive voyages to maneuver Kazakhstan’s oil to Azerbaijan. This service contributes considerably to the diversification of the transportation routes for oil for onward supply to the world by way of the Mediterranean or Black Sea, bettering Kazakhstan’s world commerce footprint.
This newest funding brings the overall variety of oil tankers working below the KMTF settlement to 5, following the acquisition of three Aframax tankers earlier in 2023.
Aidar Orzhanov, General Director, KMTF, the National Maritime Shipping Company of Kazakhstan, stated: “We are implementing this project together with our strategic partner AD Ports Group in accordance with the task of the President of the Republic of Kazakhstan K.K.Tokayev, to create alternative routes for transportation of Kazakhstani oil. 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.”
