Aktau is Kazakhstan's only port along the Caspian Sea, situated on the sea's east coast. Aktau port is also a strategic part of China’s Belt and Road initiative. The entity will establish a container hub that aims to attract investments from MSC, Maersk and PSA International.
Kazakhstan's president Kassym-Jomart Tokayev has plans to develop Aktau to elevate annual throughput to 100,000 TEU. Earlier this month he signed an agreement with PSA to work on the hub. Kazakhstan and PSA have pledged to work together in transport and logistics, and the digitization of customs and trade processes. PSA also expressed interest in further development of transportation via the Trans-Caspian international transport route.
The announcement comes two weeks after the start of a pilot phase of a freight train between China and Finland via Aktau.
Source: container-news.com
Photo source: Wikimapia.org