Massive Investment of IRISL in Caspian Sea
Massive Investment of IRISL in Caspian Sea
Deputy head on developing market of the Islamic Republic of Iran Shipping Line (IRISL) Group Mr. Amir Bayat says that developing shipping in the Caspian Sea is not the mere action for consideration as implementing programs regarding reducing the time of load and unload of ships in the ports of the sea is on the agenda of IRISL that with development of Port of Solyanka of Russia this will be possible.

TEHRAN (Iran News) –Deputy head on developing market of the Islamic Republic of Iran Shipping Line (IRISL) Group Mr. Amir Bayat says that developing shipping in the Caspian Sea is not the mere action for consideration as implementing programs regarding reducing the time of load and unload of ships in the ports of the sea is on the agenda of IRISL that with development of Port of Solyanka of Russia this will be possible.

On the sidelines of TransRussia Exhibition in Moscow, Bayat touched upon Iran’s share of transit of Russian goods as well as South and East Asian countries and the actions taken for developing this market, and said that in line with the policies of the government for reinforcing ties with domestic traders and economists as well as Russian and Indian economists for expansion of the North-South Corridor, IRISL invested very much in the Caspian Sea.

He said that one of the investments is the ten-million-dollar investment in the Port of Solyanka, and the group has also signed an agreement for building and purchasing some 120 ships especial for ply in the Caspian Sea.

Bayat noted that IRISL is currently working on reinforcing the structures and infrastructures of transportation and therefore it has transformed a method for broadening trade exchange for transporting from India to Iran and Russia and vice versa.

He further said that on the sidelines of the exhibitions traders of many countries talked with IRISL and it shows that IRISL is now a famous brand under any condition.

Bayat reiterated that shipping in the Caspian Sea needs special ships, adding that Caspian Sea Shipping Line is the biggest and strongest shipping lines in the Caspian Sea and this company has 27 vessels and three more of vessels of omskiy type have been bought and will joint its fleet.

He went on to say that the group has signed an agreement for building four vessels that two of them are in their final stage of building.