Iran, Kazakhstan Set Up Joint Shipping Company

The managing director of the Islamic Republic of Iran Shipping Lines (IRISL) said Iran and Kazakhstan have established a joint shipping company in a bid to boost their bilateral trade.

Iran and Kazakhstan's state-owned railway company have set up a joint shipping company to connect Central Asia to southern Iran, Mohammad Saeedi told the Tasnim news agency on Saturday.

The IRISL chief said the head office of the firm is in the Iranian port city of Bandar Anzali, adding that a representative office will be also established in the Kazakh port city of Aktau.

On April 12, 2016, Iran and Kazakhstan signed an agreement on the establishment of the joint shipping company in the presence of their presidents in Tehran.

At the time, Iran’s President Hassan Rouhani received his Kazakh counterpart Nursultan Nazarbayev in the Iranian capital city where the two oversaw the signing of 66 documents, worth two billion dollars, for cooperation in the public and private sectors.