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Azerbaijan Caspian Shipping Company Signs New Transport Agreement with Georgia & Romania

Logistic News - Published on Fri, 25 Oct 2019

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Azerbaijan is increasingly becoming major transit hub in the South Caucasus region. Along with delivering oil and gas resources to European markets, the country is also participating in large-scale transportations projects. In a bid to strengthen the country’s transit role in international transportation, as well as to stimulate revenues from it, Azerbaijan Caspian Shipping Company has signed an agreement with Georgian GR Logistics & Terminals and the Romanian Grampet Group on the organization of feeder cargo transportation between the ports of Batumi (Georgia) and Constanta (Romania). The contract envisages the increase in container transportation through the territory of Azerbaijan.

The agreement was signed during the general meeting of the Trans-Caspian International Transport Corridor International Association, an association of legal entities, in Tbilisi, on October 22. Azerbaijan Caspian Shipping Company’s subsidiary company ACSC, signed the contract on behalf of ASCO.

The route provides for the transit of goods in the direction of Europe-China-Europe and Europe-Central Asia-Europe. The delivery time of goods are expected to be reduced due to the new container route following the indicated directions.

This, in turn, will increase the attractiveness of the TITR running through the Black Sea and increase the volume of container transit cargo along the territory of Azerbaijan.

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Posted By : Mohan Sharma on Fri, 25 Oct 2019
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