In 2016 cargo handling increased by 47% in the Baku International Sea Trade Port in comparison with 2015, reaching 4.5 million tons, according to the Port’s statement.
87% of the cargo handling accounted for international transit.
The largest growth was recorded in handling of large vehicles (TIR). Thus, during the reporting period, the number of such vehicles using the Baku port services increased three times, amounting to 23,415.
13,791 cars followed the route Baku-Aktau-Baku, and 9,850 - the route Baku-Turkmenbashi-Baku.
During this period, transshipment of containers equivalent TEU increased by 28.5% and amounted to 17,100 TEU.
Handling of oil and oil products amounted to 1 million 575 thousand tons (an increase of 87.5%).
The handling of wagons in the new ferry terminal Alat increased by 17.4% to 36,896. This included 11,109 cars on the route Baku-Aktau-Baku and 25,787 on the route Baku-Turkmenbashi-Baku.
The amount of cargo handled in the main cargo terminal in Baku increased by 8.2% and amounted to 418,100 tons. ------ 71D
Economics
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U.S. President Donald Trump’s proposed energy and trade policies could lead to a prolonged decline in global oil and gas prices, potentially triggering economic instability in Azerbaijan from 2026 onward, unless significant structural reforms are implemented, economist Gubad Ibadoglu warned in a recent analysis.
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Azerbaijan, Georgia, Turkey, and Bulgaria have agreed on the draft text of a memorandum of understanding in the field of green energy transmission, marking a significant step in the development of sustainable energy ties in the region. The document aims to expand energy exchange between the countries and establish a legal framework for the Green Energy Corridor project.
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