Terminal Investment Limited to become co-owner of SOCAR's terminal in Turkey

The State Oil Company of Azerbaijan (SOCAR) and the world's largest transport company MSC (Mediterranean Shipping Company, a private shipping company based in Geneva) have signed a strategic cooperation agreement.

According to SOCAR, under the agreement, "Terminal Investment Limited" (TIL), a global terminal operator and a subsidiary of MSC, will become a shareholder in "SOCAR Terminal".

During the signing ceremony in Baku, it was stated that joint investments in "SOCAR Terminal", the largest container port in the Aegean region (located near Izmir), will strengthen Turkey's position in the global supply chain.

The collaboration will ensure the integration of "SOCAR Terminal" into TIL's extensive global network. Through new investments in equipment and technology, the terminal will increase its existing capacity, improve operational efficiency, and achieve significant progress in digitalization, sustainable development, and infrastructure.

"SOCAR Terminal" is the largest container terminal in the Aegean region. It has a continuous quay line of 700 meters with a depth of 16 meters, as well as a port area of 420,000 square meters and a rear zone of 30,000 square meters.

"SOCAR Terminal" can accommodate large new-generation ULCS vessels and handle several main vessels simultaneously, which significantly reduces waiting time.