The Iranian shipping company Islamic Republic of Iran Shipping Lines (IRISL) has joined forces with Kazakhstan’s multimodal operator KTZ Express in an effort to contribute to facilitating maritime transportation.
Under the joint venture agreement, signed on December 22, the parties would work to help facilitate maritime transportation in the Caspian Sea Region, joint cooperation in terminal management, integrated transportation between Iran’s southern ports and CIS countries.
IRISL said that the agreement also includes building port terminal and investment in the ship repair sector between Iran and Kazakhstan.
The agreement was signed only days after IRISL unveiled that it entered into an initial deal for establishing a joint venture company in ship repair sector with Industrial Development and Renovation Organization of Iran (IDRO) and National Iranian Tanker Company (NITC).
Besides ship repair works, the JV company would also deal with the shipbuilding sector, according to IRISL.