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U.S.-Georgian consortium wins $2.5 billion deep-sea port contract in Georgia

A U.S.-Georgian consortium has been awarded a USD 2.5 billion contract to build and develop a deep-sea port in Anaklia on Georgia's Black Sea coast, Reuters reports referencing data from Georgia's Economy and Sustainable Development Ministry, TASS reports. The Anaklia Development Consortium is a... 2016-02-09

Transport Ministry denies privatization of railway

Transport Ministry Spokesperson Ahmed Ibrahim denied news circulated recently in the media about the privatization of the railway through a contract with a foreign company that would manage it.    The transport minister does not have the authority to privatize the railway, which belongs... 2016-02-08

IV EuroAsian Logistics Conference

IV EuroAsian Logistics Conference Trans-EuroAsian Logistics Platform: Practice, Products and Markets Organized by Chamber of Commerce and Industry of the Russian... 2016-02-04

European Commission approves partial sale of Bombardier Transportation

The European Commission has approved the sale of a 30 per cent stake in the newly created Bombardier Transportation (Investment) UK Limited (BTUK), reports Global Rail News. In November last year, Bombardier announced a $1.5 billion deal which would see Canadian institutional investor... 2016-02-04

A dozen companies have announced their interest in competing with VR Group

Roughly a dozen companies have announced their interest in competing with VR on the railways of Finland, Anne Berner (Centre), the Minister of Transport and Communications, revealed in an interview with Helsingin Sanomaton Saturday. “We've met with some and received proposals from... 2016-02-02

Greece relaunches railway company sale to attract more offers

  Jan 27 Greece said on Wednesday it will relaunch a tender to sell its railway company TRAINOSE to allow more investors to bid for it.   "The goal is to raise investors' interest in TRAINOSE, which currently operates as the sole provider of rail services in Greece," the privatisation... 2016-01-28

Eurogate’s terminals’ turnover declined 2% in 2015

The Eurogate Group reported container turnover of its terminals shrank by 2 percent in 2015 as new terminal at Wilhelmshaven in Germany added 360,000 TEU, TASS reports. The German terminals increased handling in 2015 by 1.5% to 8.2 million TEUs despite a 4.3% turnover decline at Bremerhaven,... 2016-01-27

Lufthansa Enters Deal to Develop Drone Technology

Deutsche Lufthansa AG has entered a cooperation deal with China'sSZ DJI Technology Co. to develop unmanned aircraft technology for commercial use, the German airline said Tuesday, Nasdaq reports. Lufthansa said its Lufthansa Aerial Services subsidiary plans to use DJI drones and software to... 2016-01-27

President Aliyev: Azerbaijan turning into unique transportation center

Azerbaijan was able to present itself to the world as a very strong transit country in 2015, said President Ilham Aliyev Jan. 26, Trend reports. The president made the remarks at the conference dedicated to the results of the second year of implementation of “State program on socio-economic... 2016-01-27

Belarusian Railways to share IT assimilation practices with Georgian colleagues

A delegation of the company Georgian Railway arrived in Belarus to exchange best practices of adoption and assimilation of information technologies with Belarusian Railways. Representatives of the two companies met in Minsk on 26 January, BelTA learned from the Belarusian Railways press center,... 2016-01-26

Russia-Iran food-trade relations not to be revised after lifting of anti-Iranian sanctions

Russia will not revise its relations with Iran related to food supplies after the European Union and the United States have lifted their anti-Iranian sanctions, since these relations are developing in line with the existing agreements, Russia’s veterinary and phytosanitary watchdog,... 2016-01-19

Russia ready to discuss establishment of EAEU free trade zone with Hong Kong

 Russia is ready to discuss the establishment of a free trade zone between the Eurasian Economic Union (EAEU) and Hong Kong, Russian Deputy Prime Minister Arkady Dvorkovich said at the Asian Financial Forum underway in Hong Kong, TASS reports. "We recently struck the first agreement on a free... 2016-01-18

Greece asks sole bidder Cosco to improve offer for Piraeus port

Greece has confirmed Cosco Pacific is the only bidder for a majority stake in the Piraeus Port Authority and asked the Chinese company to submit an improved offer for control of the nation’s largest port, Journal of Commerce reports, TASS reports. The Greek privatization agency said it... 2016-01-13

Aeroflot to receive 34 Transaero aircraft, first to be delivered in March

Aeroflot will receive 34 Transaero aircraft, the first will be delivered in March 2016, Aeroflot CEO Vitaly Saveliev said Tuesday at a meeting with Russian President Vladimir Putin, TASS reports. "We concluded a lease agreement with our leasing companies - Sberbank Leasing, VTB-Leasing and... 2016-01-12

Deutsche Bahn program for far-reaching renewal of rail operations

The Supervisory Board of Deutsche Bahn AG has  approved a multi-year program proposed by the DB Management Board for a fundamental renewal of rail operations in Germany, reports Think Railways. “Cleaning house” program will include personnel and structural changes,... 2015-12-23

Russian shipyard plans to build drill rigs for Iran

The Red barricades shipyard in the Astrakhan region, in the south of Russia, is talks with Iranian companies on joint construction of drill rigs for oil production use in the Persian Gulf, Alexander Ilyichev the shipyard’s director, told TASS on the sidelines of Russian Iranian... 2015-12-21

Putin submits to State Duma draft law on suspending free trade agreement with Ukraine

Russian President Vladimir Putin has submitted a draft law on suspending the free trade agreement with Ukraine to the State Duma, the lower house First Vic Speaker Ivan Melnikov told journalists on Thursday, TASS reports. Duma deputies were informed about this at the lower house session by... 2015-12-17

Russia, China will be able to increase turnover despite crisis in global economy

The slowdown of bilateral trade between China and Russia is temporary and in the next few years the two countries will be able to significantly increase trade turnover, which may reach $200 billion by 2020, Deputy Prime Minister Dmitry Rogozin said on Wednesday, TASS reports. He was speaking at... 2015-12-16

Trade unions reject proposal from Rotterdam port authorities and employers

Talks between employers and trade unions at Rotterdam port over a solution to planned redundancies broke down, and some workers took part in "spontaneous" industrial action lasting around three hours at several container terminals on Friday night last week, Lloyds List reports. Strikes took place... 2015-12-16

Kapsch CarrierCom joins SHIFT²RAIL initiative

Kapsch CarrierCom has announced its participation in the European rail joint technology initiative SHIFT²RAIL. The EU initiative is focused on research and innovation to accelerate the development of new technologies, products and solutions for railways. Kapsch CarrierCom will contribute its... 2015-12-16