AD Ports Group has signed a contract with Baku Shipyard in Azerbaijan to build two 780-TEU shallow-draft container vessels for trade across the Caspian Sea.
The vessels are due for delivery in the fourth quarter of 2027 and will operate on key routes to boost maritime connectivity, increase cargo capacity and strengthen the trans-Caspian logistics corridor.
“This step aligns with the vision and directives of our wise leadership in the UAE and reaffirms AD Ports Group’s commitment to supporting the growing trade needs of the Caspian region,” said Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group.
“Partnering with Baku Shipyard ensures these vessels will meet the highest international standards, enabling us to deliver greater capacity, improved service reliability and contribute to the long-term growth of supply chains.”
The agreement was formalised at a ceremony attended by Azerbaijani President Ilham Aliyev and UAE President Sheikh Mohamed bin Zayed Al Nahyan.
The move comes after AD Ports Group’s recent expansion in Central Asia, including the launch of the first phase of the Tbilisi Intermodal Hub in June 2025 and the signing of a Comprehensive Economic Partnership Agreement between the UAE and Azerbaijan in July.
The UAE is among Azerbaijan’s largest foreign investors, with more than US$1 billion in direct investments. Bilateral non-oil trade rose by 43 per cent in 2024 to US$2.24 billion, underlining the growing momentum of economic ties.
U.S. President Donald Trump has called for Iran to pay compensation for decades of deaths and damage, adding a new demand to peace talks as Tehran see...
UK Prime Minister Andy Burnham faces an early test of his climate commitments as his government weighs whether to approve two major North Sea oil and ...
Iran will host senior officials from the five Caspian Sea littoral states at a conference in Tehran on 23 September, aimed at strengthening regional c...
One hundred years after the First World War and more than eighty years after the devastation of the Second World War gave rise to the United Nations, humanity once again finds itself living in an age of permanent crisis.
For months, efforts to secure the Red Sea have focused on what is happening in the water. Naval deployments have increased, governments have expanded maritime cooperation and shipping companies have adapted to persistent security threats.
Flights arriving at Catania airport in eastern Sicily were suspended after volcanic ash from a new eruption of Mount Etna drifted into the airspace around the airport, disrupting operations at one of Italy’s busiest aviation hubs.
Greenland has issued a “strong warning” to a U.S. oil company linked to President Donald Trump after drilling equipment was brought ashore without the required government approvals, according to British media.
Iran said it was nearing a final pact with Oman defining new shipping lanes between them through the Strait of Hormuz but repeated that the U.S. must meet other conditions.
UK Prime Minister Andy Burnham faces an early test of his climate commitments as his government weighs whether to approve two major North Sea oil and gas projects, Rosebank and Jackdaw.
Europe is facing more frequent and prolonged extreme heat, with climate change making heatwaves increasingly intense and widespread, the World Meteorological Organization (WMO) warned on Tuesday.
Russia's northern NATO neighbours are tightening security around critical infrastructure amid growing concern that Moscow could stage a “false flag” attack using Ukrainian drones.
Kyrgyzstan has proposed hosting part of Russian e-commerce giant Wildberries’ warehouse and logistics network, aiming to reduce supply-chain risks and strengthen trade with Russia.
North Korea has deployed troops, weapons and now, according to a Ukrainian intelligence official, a missile unit to support Russia's war against Ukraine, marking Pyongyang's most significant involvement in a war since the 1950s.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment