Tbilisi, Georgia (PortSEurope) November 4, 2019 – At a regular meeting of the Trans-Caspian International Transport Route (TITR) association, members were updated and two new members approved.
TITR members reviewed cargo statistics for the first nine months of 2019, discussed possible additional ASCO feeder vessels to the Aktau-Baku-Aktau route and tariff rates for the transportation of 45-foot containers, discussed the entry of new members – TIS-Container Terminal LLC (Ukraine) and Baku Hovsan International Commercial Sea Port OJSC (Azerbaijan).
The Trans-Caspian International Transport Route (TITR), also known as the Middle Corridor, combines the countries participating in the new Silk Road project and important players of the region. Its members are leading maritime and transport companies from Kazakhstan, Azerbaijan, Georgia, Ukraine, China and Turkey. The organisation aims to popularise the middle corridor, accelerate and simplify cargo transportation procedures between Asia and Europe, and make special preferential tariffs. Between East and West, in terms of cargo, the middle corridor helps to compete with the north-south routes.
TITR allows European companies to bypass Russia, which until now sanctions the transit of certain types of goods through the country. A number of Russian entities are under sanctions from the international community following Russia’s annexation of the Crimea in 2014. The importance of this route was underlined with the inclusion of Georgia and Azerbaijan in the European Union (EU) TEN-T network.
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