For the first eight months of 2013 the volume of freight of Azerbaijan State Caspian Sea Shipping Company totaled 7,847 thousand tons, which is 7.3 % less than in the comparable period of 2012.
According to the State Statistics Committee, oil accounts for 57.1 % of the cargo, and dry bulk is 42.9%. In this case, 84.5 % of the freight was carried in transit in the Caspian area.
Gains on the transport of 6 million tons of cargo by water transport in the first half of this year amounted to more than 51 million manat. This is 12 % less than in January -June 2012. Shipping costs are also reduced by 3%, which in the first half of the year amounted to 49 798.7 thousand manats.
Azerbaijan State Caspian Shipping Company extends the composition of the fleet through purchases of ferries and tankers in Russia and Croatia. The transport fleet comprises 82 vessels, of which 43 are tankers and 39 are dry cargo vessels ( including 7 railway ferries , 2 cargo ships of Ro-8 and 6 cargo ships of Ro-Ro), with a total deadweight of 488 thousand tons . - 08D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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