Noatum Maritime, part of AD Ports Group, launched an office in Türkiye to expand its maritime agency services in the Mediterranean and enhance market reach.
Noatum, an AD Ports Group company, announced the launch of Noatum Maritime’s office in Türkiye. The launch of the new office, to be led by Noatum Maritime, a core business unit of Noatum, will serve to broaden the company’s reach in the market with a focus on strengthening its maritime agency services in the Mediterranean region.
Noatum Maritime’s entry into Türkiye’s market is aligned with AD Ports Group’s goal of expansion and presence across major global markets and trade lanes already connected to, or offering prospects to, the UAE.
From its locations in Istanbul and Izmir, the new entity will primarily serve as a port and liner agency, offering maritime services including ship owners, ship operators, charterers, and ship managers.
The expansion also follows the growing ties between the United Arab Emirates and the Republic of Türkiye, which were further strengthened with the signing of the Comprehensive Economic Partnership Agreement (CEPA) in March, which came into force in September of 2023.
The agreement aims to promote bilateral trade and investment by removing or reducing tariffs and trade barriers, establishing a free trade area, and providing enhanced market access for UAE’s companies and service providers.
The vast majority of Türkiye’s trade is moved by sea, amounting to US$362 billion of import and US$259 billion of export flows in 2023. Its shipping market is characterised by growing cargo volumes and a significant increase in fleet capacity, with cabotage transportation increasing by 48% between 2012 and 2022.
You just read one of our articles for free
To continue reading, subscribe to WorldCargo News
By subscribing you will have:
- Access to all regular and exclusive content
- Discount on selected events
- Full access to the entire digital archive
- 10x per year Digital Magazine
