ABU BI's ad Ports Group in collaboration with KazMorTransFlot (KMTF), Kazakhstan's national shipping company, has announced the launch of two vessels designed to transport oil across the Caspian Sea, reports London's Port Technology.
The two oil tankers were named Liwa and Taraz, after ancient cities in the UAE and Kazakhstan, respectively, and were acquired as part of AD Ports Group's joint venture with KMTF - Caspian Integrated Maritime Solutions (CIMS) to provide shipping services for Caspian Sea exporters.
The two vessels reportedly cost a total of US$35 million and were designed expressly for the Caspian's shallow draft, with features that match the demanding criteria of multinational oil firms.
The vessels are also equipped with inert gas systems, a crucial step in ensuring safety and compliance with modern standards.
Operating along the strategic route across the Caspian Sea, the vessels will serve as shuttle tankers, undertaking consecutive voyages to move Kazakhstan's oil to Azerbaijan.
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.
Said AD Ports shipping director Ammar Mubarak Al Shaiba: 'We are not only ensuring the safe and efficient transport of Kazakhstan's oil, but also setting a precedent to guide safety and security advances in the maritime industry.'
Said KMTF general director Aidar Orzhanov: '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.'
SeaNews Turkey
The two oil tankers were named Liwa and Taraz, after ancient cities in the UAE and Kazakhstan, respectively, and were acquired as part of AD Ports Group's joint venture with KMTF - Caspian Integrated Maritime Solutions (CIMS) to provide shipping services for Caspian Sea exporters.
The two vessels reportedly cost a total of US$35 million and were designed expressly for the Caspian's shallow draft, with features that match the demanding criteria of multinational oil firms.
The vessels are also equipped with inert gas systems, a crucial step in ensuring safety and compliance with modern standards.
Operating along the strategic route across the Caspian Sea, the vessels will serve as shuttle tankers, undertaking consecutive voyages to move Kazakhstan's oil to Azerbaijan.
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.
Said AD Ports shipping director Ammar Mubarak Al Shaiba: 'We are not only ensuring the safe and efficient transport of Kazakhstan's oil, but also setting a precedent to guide safety and security advances in the maritime industry.'
Said KMTF general director Aidar Orzhanov: '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.'
SeaNews Turkey
