Noatum Maritime and Erkport have established a joint venture, 'United Global Ro-Ro,' to enhance global Ro-Ro and vehicle logistics services, leveraging their combined strengths to improve operational efficiency in the growing shipping industry.

Target Information

Noatum Maritime, part of AD Ports Group (ADX: ADPORTS), a leading facilitator of global trade, logistics, and industry, has established a new joint venture with Erkport, a Turkish company renowned for its expertise in the Roll-on/Roll-off (Ro-Ro) shipping sector. This collaboration aims to launch a Ro-Ro liner business, enhancing vehicle logistics, high and heavy cargo transportation, and overall global shipping services.

The joint venture, known as "United Global Ro-Ro," will enable Noatum Maritime, recognized as the largest provider of diversified maritime services in the Middle East, to own a 60% stake, with Erkport holding the remaining 40%. The partnership will connect key automotive industry ports and improve the movement of automobiles along with high and heavy cargo.

Industry Overview in Turkey

The Ro-Ro shipping sector in Turkey has been experiencing significant growth, driven by increasing demand for efficient transportation solutions and the expansion of the automotive industry. As Turkey