18.9 C
Hamburg
Thursday, June 5, 2025
Home News PSA, Kazakhstan Railways collaborate to boost trade via the Trans-Caspian route

PSA, Kazakhstan Railways collaborate to boost trade via the Trans-Caspian route

PSA International, a global provider of ports and supply chain solutions, and Kazakhstan Railways, the operator of the country’s primary railway network, have agreed to form a joint venture business, KPMC.

KPMC will facilitate the development of the Trans-Caspian International Transport Route (TITR), which will improve connectivity and trade from Southeast Asia and China to Europe via Kazakhstan.

The agreement was signed on 22 May 2023 in Astana, Kazakhstan, in the presence of Singapore’s president Mdm Halimah Yacob and Kazakhstan’s prime minister Alikhan Smailov.

The collaboration between KTZ and PSA intends to enhance the TITR through initiatives such as block train organisation and the supply of station-to-station products and services. This improves freight flow, decreases transit times, and lowers the cost of transportation via the TITR.

“This joint venture is a milestone moment for PSA, as it expands our global footprint into Central Asia, and reflects our continued commitment to enhance global connectivity and enable sustainable trade,” stated Tan Chong Meng, Group CEO of PSA International.





Latest Posts

PSA, First Port Operator to Join Global Centre for Maritime Decarbonisation

The Global Centre for Maritime Decarbonisation (GCMD) and PSA International (PSA) announced a five-year strategic partnership to advance collaboration on maritime decarbonisation initiatives across...

MSC officially opens new inland terminal in France

MSC has announced the official opening of its MEDLOG Inland Terminal Paris-Bruyères, following an inauguration ceremony. Located just 40 kilometers north of Paris, this 110,000...

AD Ports, CMA CGM and partners to develop e-methanol facility in UAE

AD Ports has signed a collaboration agreement with Masdar, Advario and the CMA CGM Group to explore the feasibility for the development of a...

Wärtsilä’s solution to deliver fuel and emission savings for ONE boxship

Technology group Wärtsilä will supply a conversion package featuring the company’s Fit4Power radical derating solution for the vessel ONE Maestro. The Fit4Power solution optimises the...

Port of NEOM enhances handling capabilities with new equipment

Port of NEOM has seen the arrival of the first fully automated, remote-controlled Ship-To-Shore (STS) and Electric Rubber-Tyred Gantry (eRTG) cranes in Saudi Arabia. Located...
error: Content is protected !!