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The unfolding developments in the Red Sea are significantly impacting global supply chains, presenting escalating challenges and disruptions to maritime routes over the past three months. Seafarers in the Red Sea are now facing increased risks as the Houthi Movement’s aggressive policies, particularly targeting vessels associated with Israel, force commercial ships to divert around the African Cape. This redirection adds approximately 10 days to the typical journey from Asia to Europe, reshaping the container shipping market dynamics.

Mr. Asset Assavbayev, the Secretary General of the PS IGC TRACECA, engaged in discussions with representatives from the Ministry of Digital Development and Transport of the Republic of Azerbaijan, Baku International Sea Trade Port CJSC, and Azerbaijan Caspian Shipping Company CJSC regarding the future of transit cargo transportation through Azerbaijan. The meeting focused on the Baku port’s activities, its capacity, transported goods statistics, and potential development prospects. To enhance efficiency, Mr. Assavbayev suggested diversifying cargo transportation options, aiming to prevent congestion in the seaport and reduce transit times.

On February 29, 2024, the Antwerp North Heat Network was officially launched by Mayor Bart De Wever, marking a significant step towards sustainable energy practices in the port of Antwerp. The innovative pipeline network, connecting Indaver Antwerp and Boortmalt, allows Boortmalt to utilize residual heat from Indaver’s industrial waste processing as a green alternative to natural gas and combined heat and power (CHP) for malt production. Notably, this network is Belgium’s first ‘open access’ heat network, creating opportunities for new suppliers and customers in the region.

On the agenda of the Association of Maritime Transport Entrepreneurs (AMTE), the results of activities over the past year were discussed, plans for the future were approved and new members were accepted into its composition. Among the companies included in the Supervisory Board of APMT are active participants in the field of maritime transport, such as NMSK Kazmortransflot JSC, OMS Shipping LLP and GAC Kazakhstan LLP.

Representatives of the Turkish holding Albayrak visited the port of Aktau in order to consider the prospects for expanding its activities in the Caspian region. Albayrak, known for its activities in various fields, including maritime transport, is showing interest in the Caspian ports. Chairman of the Board of JSC NC AMTP Abay Turikpenbaev provided guests with detailed information about the capabilities of the port infrastructure, discussed strategic development plans and the volume of upcoming investments. During a tour of the seaport, the management of NC AMCP JSC provided guests with the opportunity to get acquainted with production facilities and port development prospects.