Azerbaijan Railways CJSC signed a Memorandum of Understanding with the Chinese company 'Xi'an Free Trade Port Construction and Operation' and has opened its representative office and container terminal in the Xi'an International Port.
The ceremony was held within the visit of Azerbaijan Railways delegation to China led by its chairman Rovshan Rustamov.
The Memorandum of Understanding represent new directions for cooperation in logystics and transit along with the joint execution of digital initiatives.
Highlighting President Ilham Aliyev’s visit to China in April to promote comprehensive strategic relations, Rustamov stated that the opening of the representative office will play a significant role in expanding cooperation between the two countries, particularly in transit transportation and the development of the Middle Corridor.
"Providing ADY representatives with access to the Xi'an Port operating system for swift information exchange is a crucial measure to strengthen the Middle Corridor’s capacity and boost collaboration aimed at increasing cargo traffic along this route," Rustamov stated.
The newly-opened container terminal will have an annual handling capacity of 20,000 TEU - a very large cargo vessel capable of carrying the equivalent of 20,000 standard 20-foot (6 metres) shipping containers.
ADY and Xi'an Free Trade Port Construction and Operation Co., Ltd. also approved joint action plans to enhance cooperation in organizing container trains along the Trans-Caspian International Transport Route, increasing the capacity of railways, ports, and transportation across the Caspian Sea via the Middle Corridor, expanding access to Turkey and Europe through the Baku-Tbilisi-Kars railway line, and attracting additional cargo flows by developing a data-driven traffic scheduling system.
The parties also agreed to collaborate on establishing a real-time cargo tracking and electronic data exchange system to enhance broader cooperation in digitalization.
The sides highlighted the growing trend in freight transportation between China and Azerbaijan. In 2024, 287 block trains were received from China, and within the first six months of this year alone, the figure has already reached 199 block trains. By the end of the year, the number is expected to exceed 400.
Baku International Sea Port has recently been officially integrated into the structure of the company, which now enables more efficient coordination of port-railway operations, allowing for the provision of comprehensive and optimized logistics services to international partners.
The Port of Baku plays a crucial role in facilitating the exchange of cargo between Asia and Europe. Currently, the port has a cargo handling capacity of 15 million tons per year, including 150,000 TEU containers. In the future, the total capacity is expected to reach 25 million tons annually, including 500,000 TEU containers.
Carlos Cordeiro, senior adviser to FIFA president Gianni Infantino, has resigned with immediate effect in protest over proposals to sell a stake in th...
Ukraine targeted a warehouse belonging to Russia’s largest retailer, Wildberries, and an oil refinery overnight, while Moscow said its forces struck...
Iran’s army said it targeted U.S. military facilities in Bahrain and Kuwait with drone attacks. Tehran said the operations were carried out in retal...
French DJ and electropop musician Kavinsky, whose atmospheric sound shaped a generation of electronic music fans, has died at the age of 50, French authorities said on Tuesday.
Saudi Arabia said its overnight strikes on Iran-backed group targets in Iraq were carried out in self-defence and warned it would take further military action if the groups launched new attacks against the kingdom.
The U.S. military said it completed its latest wave of strikes on Iran, a two-hour operation that hit dozens of targets. Washington described the strikes as a "powerful response" to Iranian missile attacks targeting U.S. forces in the Middle East a day earlier.
A fire involving two gas vessels at Egypt's Damietta port has prompted conflicting reports over whether the incident was caused by a drone strike or an onboard technical fault. Egyptian authorities said there were no casualties.
Thousands of migrants have crossed into the Spanish exclave of Ceuta from Morocco, overwhelming border security and prompting local authorities to call for a national emergency and military deployment.
Ford raised its full-year earnings forecast after reporting stronger-than-expected second-quarter adjusted profit, as resilient demand for its vehicles and operational improvements helped offset tariff-related costs.
SK Hynix reported record quarterly profit on Wednesday, but its shares slumped 10 per cent after the South Korean chipmaker fell short of investor expectations built around the artificial intelligence (AI) boom.
Oil prices have fallen more than six per cent as a pause in U.S.-Iran hostilities eased fears of wider supply disruption around the Gulf.
Paramount Skydance agreed to pause its acquisition of Warner Bros Discovery until after a ruling on a challenge by states to the deal, plunging the $110 billion deal into further uncertainty.
China's Foreign Ministry has said it is closely monitoring the United Kingdom's nationalisation of British Steel. Prior to the British government fully taking over the loss-making company on Thursday, it was previously owned by Chinese private steelmaker Jingye.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment