By Laman Zeynalova
Copyright trend
BAKU, Azerbaijan, September 16. Azerbaijan’s
state oil company SOCAR and Mediterranean Shipping Company (MSC),
the world’s largest transport operator, have signed a strategic
cooperation agreement, Trend reports via SOCAR.
The signing ceremony took place in Baku. Under the deal, the
parties plan to strengthen Türkiye’s role in the global supply
chain through joint investments in SOCAR Terminal, the largest
container port in the Aegean region.
As part of the agreement, MSC’s subsidiary and global terminal
operator Terminal Investment Limited (TIL) will become a
shareholder in SOCAR Terminal.
The cooperation will integrate SOCAR Terminal into TIL’s
extensive global network.
“New investments in equipment and technology will boost the
terminal’s capacity, improve operational efficiency and deliver
major progress in digitalization, sustainability and infrastructure
development,” SOCAR said.
SOCAR Terminal, the Aegean region’s largest container hub, has a
700-metre continuous quay, 16-metre depth, 420,000 square metres of
port area and a 30,000 square metre rear zone, giving it strategic
significance for both regional and global trade. The terminal can
handle next-generation ULCS-class vessels, simultaneously servicing
several large ships and minimizing waiting times.
Operating under the “Port of the Future” concept, SOCAR Terminal
applies the highest occupational safety standards, maintains an
industry-leading position through investments in digitalization and
technology, and pursues a sustainable business model aimed at
reducing its carbon footprint, expanding renewable energy use and
improving energy efficiency.
