AD Ports Group has signed a contract with Baku Shipyard in Azerbaijan for the construction of two shallow-draft 780 TEU container vessels, set to serve trade routes across the Caspian Sea. The vessels are scheduled for delivery by the end of 2027. The contract value has not been disclosed.
“These shallow-draft vessels, specifically designed for use within the Caspian Sea, will play a pivotal role in enhancing maritime connectivity, boosting trade volumes, and strengthening the trans-Caspian logistics corridor,” AD Ports said in an official release.
Highlighting the significance of the partnership, the company noted that Azerbaijan is a key trade and investment partner for the UAE, owing to its strategic location in the Caucasus region at the “crossroads” of trade between Eastern Europe and Western Asia.