AD Ports Expands Shipping Operations in Kazakhstan
AD Ports Group in collaboration with KazMorTransFlot (KMTF), the national shipping company of Kazakhstan, has announced the acquisition and commencement of operations of two tankers designed for the transportation of Kazakhstan's oil across the Caspian Sea.The two oil tankers were named Liwa and Taraz - after ancient cities in the UAE and Kazakhstan, respectively, and have been acquired under AD Ports Group’s joint venture with KMTF - Caspian Integrated Maritime Solutions (CIMS).The two vessels represent a combined investment of USD35 million…
Damen Delivers Third Shoalbuster to Kazmortransflot
National Maritime Shipping Company Kazmortransflot LLP has taken delivery of its third Damen Shoalbuster 2709, the last in the current order.The vessels are ideal for operations in the shallow waters of the Caspian Sea and are now playing a role in the development of oil fields in the Kazakh section of the inland sea and significantly expanding the range of services that Kazmortransflot can offer its clients. The contracts for the three Shoalbusters 2709 were signed in July 2017 between Damen, NMSC Kazmortransflot LLP and Al Hilal Islamic Bank, which arranged the Sharia compliant financing.
Vard Secures Contract for Three Module Carrier Vessels
Vard Holdings Limited announced that it has secured a contract for the design and construction of three Module Carrier Vessels for Kazmortransflot (KMTF). The contract win was previously disclosed on July 29, 2016. The vessels, of VARD 9 28 design, will be operated by KMTF through a consortium led by Blue Water Shipping. The vessels, measuring 113 by 22 meters, are designed for transport in the Caspian Sea. All three vessels will be built at Vard Braila in Romania. Delivery is scheduled between 3Q 2017 and 1Q 2018. The aggregate contract price is approximately $70 million. The National Maritime Shipping Company “Kazmortransflot” is the National Maritime Carrier of the Republic of Kazakhstan.
