Weekly Newsletter

03 November 2023

Weekly Newsletter

03 November 2023

Rhenus steps up operations on Uzbekistan Railways

The two companies jointly manage and hope to expand combined terminals in Andijan and Samarkand.

Cat Vitale November 01 2023

German logistics company Rhenus and Uzbekistan Railways have signed a memorandum of cooperation to expand transhipment facilities in Uzbekistan.

Part of the new agreement will be aimed at improving capacity to the ancient Silk Road city of Samarkand.

The memorandum was signed during the German Government’s Central Asia Summit in Berlin at the end of September 2023.

Uzbekistan Railways is the national carrier of Uzbekistan and features a total length rail track of 7,400km.

Alongside the agreement will be the creation of two joint ventures between Rhenus and Uztemiryulkonteyner, a container-focused subsidiary of Uzbekistan Railways.

Rhenus Group CEO and chairman Tobias Bartz explained how the “new chapter” begun: “This strategic partnership with Uzbekistan Railway opens a new chapter in Rhenus’ almost 30-year presence in Central Asian states, a region home to around 94 million people.

“In the years ahead, we expect growing demand for the transportation of containerised goods and commodities that we connect with Europe’s transport networks along the Middle Corridor.”

According to Rhenus, the agreement will expand and operate the combined road-rail terminals in Andijan and Samarkand.

Heinrich Kerstgens, head of the project at the Rhenus Group, added: “Investing in transhipment capacity in the economically emerging regions of Ferghana Valley and Samarkand will allow us and our partner to pursue further long-term transport projects.”

This collaboration will allow the Rhenus Group to extend its activities throughout Asia. The Rhenus Group has companies in Kazakhstan, the southern Caucasus and the Asia-Pacific region.

The Rhenus Group was established in 1912 and currently holds an annual turnover of €8.6bn.

Cryptocurrency - The world’s most polarizing technology theme

The globalization and digitization of travel and tourism are both driving the demand for easy-to-use and cheap international transaction processes and payment systems. Tourists are beginning to discover that cryptocurrencies offer such opportunities—by simplifying cross-border transactions and overcoming the associated foreign currency exchange costs. At present, cryptocurrencies are the most advanced application of public blockchains that promise benefits such as a universal means of payment and minimal fees through the removal of intermediaries.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Your corporate email address *
First name *
Last name *
Company name *
Job title *
Vist our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close