Caspian Sea
The Caspian Sea is the largest lake on Earth by both area and volume. It is bordered by Azerbaijan, Iran, Russia, Kazakhstan and Turkmenistan. It has a surface area of 371,000 km². The ports of the littoral states include key trading hubs in international transport corridors and the new Silk Road; including Baku, Aktau & Astrakhan. The sea has become topical since the Russian invasion of Ukraine (started 24.02.2022) as traders seek routes which do not pass through Russian territory. The heavily-sanctioned states of Russia and Iran also have interests in the Caspian Sea’s transport capacity.
Uzbekistan and Turkmenistan to develop transport corridor
Astana, Azerbaijan (Ports Europe) March 6, 2017 – Uzbekistan and Turkmenistan have agreed to jointly develop international transport and transit...
China looks to purchase 75% of Poti Free Industrial Zone shares
Poti, Georgia (Ports Europe) February 20, 2017 – CEFC China Energy Company Limited has signed a memorandum of understanding (MoU) to discuss acquiring...
DP World to develop commercial zone in Aktau port
Aktau, Kazakhstan (Ports Europe) January 16, 2017 – Dubai’s DP World has signed an agreement with Kazakhstan to develop a special economic zone in the...