Business & Investments

Noatum Launches Maritime Services in Türkiye

Noatum Launches Maritime Services in Türkiye

New Office Strengthens Noatum’s Integrated Maritime Agency Services across the Mediterranean Region

Madrid, Spain/Istanbul, Türkiye – 17 May 2024: Noatum, a leading multinational provider of integrated port operations, maritime, and logistics services, and an AD Ports Group company, announced the inaugural launch of Noatum Maritime’s office in Türkiye.

Launch of the new office, to be led by Noatum Maritime, a core business unit of Noatum, will serve as an important step towards broadening the company’s reach in key regional markets with focus on strengthening its comprehensive maritime agency services in the Mediterranean region. In addition, Noatum Maritime’s entry into Türkiye’s market is aligned with AD Ports Group’s vision for international expansion and presence across major global markets and trade lanes already connected to, or offering strong prospects to connect to, the UAE.

Led by Ömür Kuyucuoglu, who assumes the role of Country Manager for Noatum Maritime, the new entity will primarily serve as a port and liner agency, offering a comprehensive suite of maritime services tailored to meet the diverse needs of clients – inclusive of ship owners, ship operators, charterers, and ship managers.

Leveraging its local expertise and synergies across AD Ports Group and Noatum’s ecosystems, the office will deliver integrated services at every stage of maritime operation from its locations in Istanbul and Izmir. Furthermore, the launch also builds on Noatum’s already extensive local and regional presence and expertise given its existing Noatum Logistics – East Europe, Türkiye & CIS office, which is also based in Istanbul.

Terry Gidlow, Chief Executive Officer, Noatum Maritime, Noatum, Logistics Cluster, AD Ports Group, said: “The establishment of our Türkiye office enables Noatum Maritime to expand its geographical reach, following our growth strategy and fostering deeper engagement with our existing clients. The office will seamlessly integrate into the broader Noatum ecosystem, aiming to deliver integrated maritime agency services better, faster and more cost efficiently, while also attracting new customers in the Türkiye and the East Mediterranean region. Ultimately, our aim is to serve the market as a Top-5 global maritime service provider.”

The expansion not only strengthens Noatum Maritime’s foothold in the Mediterranean, but also signifies its unwavering commitment to providing exceptional service to customers worldwide. With over 60 years of experience in the maritime sector, the business is well-positioned to transform complex port calls into seamless experiences tailored to each client’s unique requirements.

The expansion also follows the growing ties between the United Arab Emirates and the Republic of Türkiye, which were further strengthened with signing of the Comprehensive Economic Partnership Agreement (CEPA), which was signed in March and came into force in September of 2023. Among other measures, the agreement aims to promote bilateral trade and investment by removing or reducing tariffs and trade barriers, establishing a free trade area, and providing an enhanced market access for UAE’s companies and service providers.

The vast majority of Türkiye’s trade is moved by sea, amounting to USD $362 billion of import and USD $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. This growth continues to push demand for high quality shipping services, presenting unique business opportunities for Noatum Maritime.

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For more information, please contact: 

AD Ports Group Media Office 

email: media@adports.ae

About AD Ports Group:

Established in 2006, AD Ports Group today serves as one of the world’s premier facilitators of logistics, industry, and trade, as well as a bridge linking Abu Dhabi to the world. Listed on the Abu Dhabi Securities Exchange (ADX: ADPORTS), AD Ports Group’s vertically integrated business approach has proven instrumental in driving the emirate’s economic development over the past decade.

Operating several clusters including Digital, Economic Cities & Free Zones, Logistics, Maritime & Shipping, and Ports, AD Ports Group’s portfolio comprises 27 terminals, with a presence in over 40 countries, and more than 550 square kilometres of economic zones within KEZAD Group, the largest integrated trade, logistics, and industrial business grouping in the Middle East. 

AD Ports Group is rated A+ by S&P and A+ Outlook Stable by Fitch. 

For more information, please visit: adportsgroup.com  

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About Noatum:

Noatum, part of AD Ports Group, is a leading multinational group specialising in transport, comprehensive logistics and port operations services.

Its work is divided into three main business areas: Noatum Maritime, focusing on providing maritime services; Noatum Logistics, a comprehensive logistics operator; and Noatum Terminals, our port operations division.

Our cross-sectoral approach to our services in these three areas means we can offer comprehensive solutions, with a high degree of specialisation and innovation.

With a presence in over 27 countries, Noatum handles more than 15,400 port calls every year, moves over 14.8 million tons of bulk and general cargo, and transports more than 1.6 million vehicles. It also handles more than 150,000 containers at terminals and depots, and its volume of transported containers amounts to more than 560,000 TEUs.

Noatum was acquired by AD Ports Group in 2023 to operate its Logistics Cluster.

For more information, please contact: media@noatum.com