Port News

Iran seeks to take over Russia’s Astrakhan port

Iranian logistics and shipping firm Nasim Bahr Kish has submitted a formal bid to acquire full ownership of Russia’s Astrakhan port, including a 25% stake currently held by the Russian state. The proposed RBL437.5m ($5.6m) deal would give the Tehran-based firm complete control over one of the Caspian Sea’s most critical transhipment terminals, as Iran …

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