Iran expands its commerce fleet in north by 15 ships

As commercial relations with Russia and other countries to Iran's north have improved, Iran has boosted the number of ships in its merchant fleet operating in the Caspian Sea by at least 15.

Iran (IMNA) - The development of Iran's northern fleet of commercial ships has become a top priority for the country’s transportation ministry, according to the head of the country's ports and maritime organization (PMO), who spoke on Saturday.

According to Ali Akbar Safaei, "The Ministry's top priority is to broaden the fleet and raise the capacity in the Caspian Sea given that the volume of trade with neighboring countries to the north is growing."

According to Safaei, additional ships from the Volga River will soon join Iran's existing commerce fleet in the Caspian Sea.

The announcement coincides with increased maritime traffic in the Caspian Sea as a result of increased exports and imports from Russia and other states via Iran and its southern ports.

The International North-South Transport Corridor (INSTC), a route that connects the Persian Gulf and the Indian Ocean to countries to the north of Iran via the Iranian road and rail transportation network, has seen a significant increase in trade, according to media reports and statements by Iranian authorities.

In order to expedite cargo passage via the INSTC and boost its own exports to Russia and other countries, Iran has built new infrastructure, including contemporary port operation systems, in its northern ports.

The western arm of INSTC will see a huge increase in commerce thanks to a deal Iran and Russia made last month to construct a vital railway along the Caspian Sea.

News ID 665204


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