Exciting Developments in Astrakhan: Astraport Shipping and the INSTC
In a recent meeting in Astrakhan, Russian and Iranian officials discussed the operation of the new Astraport Shipping company in the Caspian Sea. This project is part of the development of the International North-South Transport Corridor (INSTC), which aims to streamline transportation and logistics in the region.
The Minister of Industry and Trade of Astrakhan Region, Ilya Volynsky, highlighted the city’s importance as a key hub along the INSTC. He emphasized that the primary route for cargo shipment through the Caspian Sea is from Iran. Efforts are being made to improve cargo transit and clearance conditions through Astrakhan ports, leading to a significant increase in cargo turnover.
The INSTC, involving 14 countries with branches leading to Iran and India, has been in development since 2000. Astraport Shipping LLC, established in 2023, is set to play a crucial role in facilitating trade in the region.
With collaboration between Iran and Russia at its core, the INSTC and Astraport Shipping represent promising developments for Astrakhan’s future as a key player in international trade. Follow Trend News Agency’s WhatsApp channel for more updates.