Abu Dhabi-based ports and logistics giant AD Ports Group is expanding its cooperation with Kazakh national oil company KazMunayGas with a deal to establish a shipbuilding and repair facility in the Mangistau region of Kazakhstan.
The deal envisions the creation of a multifaceted facility, which would offer a broad range of services including drydocking, afloat repairs, shipbuilding and refurbishment, designed to accommodate diverse vessel types such as bulk carriers, container ships, tankers, offshore vessels, and ferries.
The proposed shipyard is expected to become a cornerstone for AD Ports and KMG’s joint venture – Caspian Integrated Maritime Solutions (CIMS) which recently added two tankers to its expanding operation in the region.
“It would not only bolster CIMS fleet but also extend its services to third party clients within Kazakhstan’s shipping and offshore maritime sectors, substantially enhancing the maritime capabilities within the Caspian Sea Region, making it a pivotal hub for maritime activities,” AD Ports said in a statement, adding that the shipyard deal also outlines further collaborative initiatives and projects, including the launch of additional vessel services under CIMS.
