Azerbaijan Railways (ADY) will buy seven new locomotives and spare parts from Chinese company "CRRC Ziyang Co., Ltd”. under a $26 million agreement.
"All technical and commercial issues related to the purchase of the locomotives and spare parts have been agreed upon. The total value of the agreement is 26 million US dollars," - ADY said in its press-release.
Featuring advanced technologies and innovative traction systems, the modern AC50-type mainline diesel locomotive is distinguished by its high traction power, increased fuel capacity, and exceptional reliability.
The AC50 model complies with Level IIIA environmental standards set by the International Union of Railways (UIC), enabling its operation in areas with specific emission requirements.
The locomotives will support the growing demand for freight transportation, particularly along the North-South International Transport Corridor and other key routes.
In the next phase, Azerbaijan Railways plans to buy 14 mainline locomotives additionally.
"In response to the continued growth of transit freight across international corridors passing through Azerbaijan, ADY is intensifying its efforts to modernize and expand its locomotive fleet to ensure the safe and efficient movement of cargo" - the release reads.
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The collective-defence agreement between Türkiye, Saudi Arabia and Pakistan signals that regional powers no longer want to rely solely on external security guarantees. Whether it becomes a stabilising deterrent or another axis of rivalry remains unresolved.
Shipping through the Strait of Hormuz has slowed, according to the latest data, as uncertainty over the waterway’s reopening kept most shipowners away. Six commodity vessels crossed the strait on Tuesday, down from nine the day before and below the 10-day daily average of 11.
Shipping traffic through the Strait of Hormuz remains limited on Thursday, with no increase in vessel crossings as U.S.-Iran talks to resolve the conflict remained stalled. Nine commodity vessels transited the key waterway on Wednesday, unchanged from the previous day, according to Kpler data.
Iran has said the Strait of Hormuz will remain closed until the U.S. fulfils the terms of an interim deal, including lifting the maritime blockade and sanctions and releasing Iran’s frozen assets.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 19th of August, covering the latest developments.
Once associated mainly with Muslim-majority countries, Islamic finance has become a global industry. Its assets reached around $5.98 trillion in 2025, according to ICD–LSEG, as more countries explore Shariah-compliant finance.
Fuel restrictions have returned to parts of Moscow and the surrounding region, adding another strain to Russia’s economy as refinery outages and rising imports weigh on the rouble.
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