On December 10 in Washington D.C., a briefing will be held on the "Trans-Caspian trade and transit corridor: the role of the Baku International Sea Trade Port in the connection of East and West."
According to the US-Azerbaijan Chamber of Commerce, transshipment capacity of the port complex in the first phase will amount to about 10 million tons of cargo, containers - about 40 thousand TEU, in the second stage - about 17 million tons of cargo and about 150 thousand TEU of containers, and at the third stage - up to 25 million tons of cargo and about 1 million TEU of containers.
Recall, the first stage of the construction (begun in 2007) of the port in the Alat settlement completed in June 2014, and in 2017 the complex will be commissioned in full. --17D-
Economics
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Cargo transportation along the Middle Corridor (Trans-Caspian International Transport Route, TMTM) reached a record 3.3 million tons in 2024, marking a 20% increase year-on-year, according to the Secretary General of the International Association "Trans-Caspian International Transport Route" Khaydar Abdikerimov.
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Azerbaijan’s national carrier AZAL and Israel’s El Al Airlines have announced a new partnership under a codeshare agreement, allowing passengers of both airlines to access joint flights, the carriers said in a statement on Sunday.
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After a nearly five-year hiatus, passenger train services between Azerbaijan, Russia, and Georgia may soon resume, with tentative plans set for March or April. However, uncertainty remains as officials in Baku signal a more cautious approach, citing ongoing restrictions on land border crossings.
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Azerbaijan Caspian Shipping Company (ASCO) has resumed regular cargo and passenger transportation after severe weather conditions disrupted operations in the Caspian Sea, the company said on Monday.
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