Tehran (IP) - The first stage of cargo transportation through the North-South Corridor was started by the Shipping Line Group of the Islamic Republic of Iran (IRISL) with the export of 300 containers of Iranian goods to Russia.

Iran PressIran News: The Islamic Republic of Iran Shipping Line Group, commonly known by its business name IRISL Group, is a shipping line based in and owned by Iran.

The North-South Corridor has replaced the 16,000-kilometer distance of transporting goods through the Suez Canal with a 7,000-kilometer route, which will result in a 40% reduction in the time it takes to transport goods to their destination and a 30% reduction in transportation costs.

The International North-South Transport Corridor (INSTC)  is considered one of the essential transit routes connecting western and southern Asia regions. The INSTC was set up by three states of Russia, India, and Iran in September 2000 to promote transportation cooperation.

According to the Iran Press, the Shipping Line Group of the Islamic Republic of Iran (IRISL,) with the integrated management of the companies owned by the shipping group and in line with the role played in the implementation of goods transportation operations in the North-South corridor, has carried out the transportation of Iran's export goods to Russia by allocating 300 containers in the first phase.

Based on this, to play an active role in this strategic corridor, the Islamic Republic of Iran Shipping Line Group, in addition to signing a contract to build several ships inside Iran, managed to purchase ships to increase the transportation capacity of the Caspian Sea and planed for joining several vessels to the existing fleet.


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Iran transfers Russian cargos through North-South Corridor