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Iran And Russia To Start Joint Caspian Sea Shipping Line

Iran and Russia to start joint Caspian Sea shipping line

Tehran, Iran (PortSEurope) August 13, 2020 – Moscow and Tehran have agreed to launch a new Caspian Sea shipping service between Russia’s port of Astrakhan and Iranian ports including Bandar-e Anzali. The move is part of the cooperation between the two countries in the International North-South Transport Corridor (INSTC). Iran’s interest is to raise the level of exports of agricultural products and foodstuff to Russia,
hindered in the past by a lack of container capacity. The new shipping route will include cargo ships equipped with refrigerated containers (reefers). Both governments have been taking steps to prepare port infrastructure to handle the new service. Iran and Russia are both members of the International North–South Transport Corridor (INSTC), a 7,200 km long multi-modal network of ship, rail, and road routes for transport of freight between India, Iran, Afghanistan, Armenia, Azerbaijan, Russia, Central Asia and Europe. The objective of the corridor is to increase trade connectivity between major cities such as Mumbai, Moscow, Baku, Astrakhan, Tehran, Bandar Abbas and Bandar Anzali. Copyright (C) PortSEurope. All Rights Reserved. 2020.

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