The business entity “Hazar Logistik” and the company “Wenzhou Xinjiang Trading Co., LTD” have signed a Memorandum of Understanding and Strategic Cooperation in the field of logistics and maritime fleet development.
This document outlines the parties’ intentions to establish strategic cooperation in organizing cargo transportation, developing logistics infrastructure, as well as in the purchase, sale, and technical operation of sea vessels.
The companies plan to develop and implement efficient logistics solutions for cargo transportation between China and Turkmenistan, as well as further to the Caspian region and European countries. It is also envisaged to jointly utilize warehouse terminals and the capacities of the Turkmenbashi International Seaport, provide mutual assistance in simplifying transit procedures and handling container cargo, and develop multimodal transportation using rail, road, and maritime transport.
In addition, “Hazar Logistik” and “Wenzhou Xinjiang Trading Co., LTD” will explore opportunities for joint projects aimed at expanding Turkmenistan’s national maritime fleet through the acquisition of various types of sea vessels.
The signing of this Memorandum opens a new stage in economic cooperation between the companies. It is expected that the combination of Turkmenistan’s and China’s resources and expertise will provide a strong impetus for increasing the region’s transit capacity and ensure faster and more reliable access of businesses to international markets.
