Noatum, the maritime and shipping arm of ports and logistics giant AD Ports Group, has established a roro liner joint venture with Erkport in Turkey.
The venture, operating under the brand United Global Ro-Ro, will be 60% owned by Noatum, with Erkport holding the remaining 40% stake.
The JV will provide an integrated product for vehicle logistics and high and heavy cargo shipping, develop and integrate regional feeder networks, and enhance the accessibility and reach of the roro liner services across Europe, the Mediterranean Sea, South Africa, the Arabian Gulf, and Asia.
The business will launch with 11 vessels, comprising conros, roros and car carriers, deployed on five services.
“The demand for efficient cargo transportation continues to rise, and this strategic partnership allows us to expand in the roro shipping industry, consistently explore new markets and capitalise on emerging opportunities. This venture is set to further streamline operations through integrated regional feeder networks, reduce transit times, and enhance cargo delivery efficiency,” said Ammar Al Shaiba, CEO of Maritime & Shipping Cluster at AD Ports Group.
In addition to the lates move in Turkey, Noatum signed a deal with Kazmortransflot, a subsidiary of Kazakh national oil company KazMunayGas, last month to build a pair of 500+ teu boxships specifically designed for operations in the Caspian Sea.
Energy News Beat