MSC is officially ready to acquire the majority shares of French freight forwarder Clasquin. The two parties have agreed on the specifics of the transfer and will soon proceed to the merger of operations. MSC subsidiary SAS Shipping Agencies Services Sàrl will carry out the acquisition, which is expected to result in the extension of…
Category: New Silk Road
Kazakh exporters worried as KTZ plans another fee hike
Kazakh Railways (KTZ) wants to raise its fees for rail freight. The rail operator and infrastructure manager points to its outstanding debt as the culprit for a potential price hike. KTZ earlier received criticism for frequently raising its fees. Kazakh exporters are worried about their competitiveness. KTZ applied to the Kazakh Ministry of National Economy…
Baku-Tbilisi-Kars railway opens in April after major refurbishment
The Baku-Tbilisi-Kars railway line (BTK), spanning the territories of Azerbaijan, Georgia and Turkey, has been undergoing a major ‘facelift’ since last year. The goal is for the line to regain its past prestige and become a key route extending the Middle Corridor’s rail leg through Turkey to Europe. “We will commence cargo operations soon,” commented […]
Russia, China and Kazakhstan eye new transport hub near Moscow
Russia, China and Kazakhstan want to build a new transport hub near Moscow and develop a direct transport link between Chinese city Xi’an and Moscow. Russian firm Slavtrans, the Chinese company Xi’an Free Trade Port Construction and Operation and Kazakh Railways have signed a memorandum of understanding that envisions these ideas. In order to further […]
