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.
China’s ruling Communist Party is stepping up oversight of technology firms, internet platforms and digital finance in a sweeping drive to ta...
A wave of bomb threats targeting passenger flights has disrupted air travel across Europe, forcing diversions, airport closures and fighter jet esc...
U.S. President Donald Trump says Washington will end its annual financial and military aid to Israel by the end of 2026, under an agreement he clai...
Iranian parliament speaker Mohammad Bagher Ghalibaf says the U.S. must act to prevent war after Tehran sent a “strong and rational response” to Washington. Meanwhile, U.S. forces have reportedly carried out limited strikes against Iranian targets, including Qeshm Island,
Hundreds of millions of U.S. citizens head to the polls on 3 November to elect the House of Representatives and Senate. How they vote could influence the direction of Donald Trump’s remaining 26 months in office and the outcomes of the Ukraine and Iran conflicts.
A six-day humanitarian ceasefire in the Russian-held Ukrainian town of Oleshky ended on Sunday, 1 November, after facilitating aid deliveries and civilian evacuations.
Kyrgyzstan has emerged as Central Asia’s fastest-growing economy, fuelled by a construction boom, public investment and trade linked to Russia. But with Western sanctions tightening, can the country sustain its rapid growth?
Russia airstrikes on a school used as a humanitarian aid distribution point in southeastern Ukraine's Zaporizhzhia region killed at least 26 people, including rescue workers and police officers, Ukrainian officials said. Another 27 people were reported missing.
China’s ruling Communist Party is stepping up oversight of technology firms, internet platforms and digital finance in a sweeping drive to tackle corruption and tighten control over the country’s rapidly evolving digital economy.
A wave of bomb threats targeting passenger flights has disrupted air travel across Europe, forcing diversions, airport closures and fighter jet escorts. No explosives have been found, raising questions about who is behind the alerts and whether the disruption itself is the goal.
U.S. President Donald Trump says Washington will end its annual financial and military aid to Israel by the end of 2026, under an agreement he claims to have reached with Israeli Prime Minister Benjamin Netanyahu.
Volodymyr Zelenskyy has confirmed that Ukraine's negotiators will meet with Russian and U.S. delegations in Abu Dhabi next week for the first peace talks mediated by Washington since February.
Spanish police are investigating the death of Tenerife striker Jesús de Miguel, who died after a collision with an opposing goalkeeper during a second-division football match. The case raises questions about when an on-field challenge can become a criminal offence.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment