THE Islamic Republic of Iran Shipping Lines (IRISL) has moved 27,500 TEU of containerised goods along the International North-South Transport Corridor (INSTC) in the last four months, reports the Tehran Times.
Most goods move through Iran along the INSTC are shipments from Russia to India.
To move through the corridor, cargo enters northern Iranian ports on the Caspian Sea and is then transferred by road to seaports on the Persian Gulf shipped to destinations from south to east Asia.
The weight of the transported containers stood at 337,000 tons, according to IRISL.
At the beginning of the revival of the INSTC project, only two transit routes were defined between the ports of India, United Arab Emirates (UAE) and Russia and now the number has rapidly been increased to 14 routes in different ports of the world in the last two months.
IRISL has announced the Commonwealth Independent States (CIS) and Russian Federation as the main transit destinations and has emphasised that the goods are delivered door to door to their destinations, said the report.
IRISL formed an operational working group for the development of transportation along INSTC in early April and the company allocated 300 vessels to the transportation of goods through this corridor.
The north-south corridor was primarily launched with the aim of transiting goods between India and Europe through Iran; however, it remained in the early stages of execution for many years.
The war between Russia and Ukraine and the special geopolitical situation of Iran in the region have once again laid a suitable grounds for the revival of the corridor, thus providing business opportunities for Iran.