Azerbaijan Railways (ADY), part of the AZCON holding, and Turkish State Railways (TCDD) signed a memorandum of understanding aimed at developing bilateral cooperation in the railway sector. The document was signed by ADY Chairman Rovshan Rustamov and TCDD CEO and Chairman of the Board Veysi Kurt.
The Zykh Ship Repair and Shipbuilding Yard, a subsidiary of ASCO and AZCON Holding, completed repairs on 26 vessels of various types in 2025. As part of the production program, eight vessels underwent major repairs, 16 units underwent dock repairs, and two more underwent routine repairs.
Rovshan Rustamov, Chairman of Azerbaijan Railways CJSC (ADY), part of AZCON Holding, met with a World Bank delegation led by Charles Cormier, Director of Infrastructure for the Europe and Central Asia Region. The parties reviewed the current state of cooperation between ADY and the World Bank and confirmed their mutual interest in expanding the partnership.
Turkey supports intensifying efforts to further develop the international Trans-Caspian Transport Route and considers it a key area of Eurasian logistics. This was stated by Turkish Ambassador to Turkmenistan Ahmet Demirok, who emphasized that this corridor has already proven its reliability, safety, and practical applicability in the changing global logistics environment.
A working meeting was held in Astana between Talgat Aldybergenov, Chairman of the Board of JSC NC KTZ, and Armen Gevondyan, Ambassador Extraordinary and Plenipotentiary of the Republic of Armenia. The parties discussed the current state and prospects of bilateral cooperation in transport and logistics, as well as opportunities for expanding cooperation between Kazakhstan and Armenia.
In December 2025, the ferry fleet of ASCO, a company of AZCON Holding, transported 4,476 cars, the highest figure in five years. This surpassed the previous record set in July 2020, when the volume of car transported was 4,379 units.
Construction of the third RoPax ferry, commissioned by ASCO, a company managed by AZCON Holding, continues at the Baku Shipyard. The project is proceeding strictly according to the approved schedule and has entered its final stages. The main hull sections have been fully assembled, and work is currently underway on installing piping systems, electrical cables, ventilation systems, and mechanical equipment. Insulation of the living quarters and the construction of the cabin block are also underway.
In 2025, the vessels of ASCO, a company of AZCON Holding, transported 9,085,935 tons of cargo, an increase of 5.38 percent compared to the previous year. The bulk and container shipping segments, as well as the stable operation of the company’s tanker and ferry fleet, contributed primarily to this growth.
Georgian Railway JSC plans to announce a tender soon and begin construction of a new railway line that will provide a direct connection to the planned deep-water port of Anaklia on the Black Sea coast. The company’s CEO, Lasha Abashidze, announced the decision, emphasizing the project’s strategic importance for the development of the country’s transport infrastructure.
For the first time in its history, China’s trade surplus exceeded $1 trillion, reaching $1.076 trillion over the 11 months. This record was set amid a partial détente in relations with the United States – in October, Beijing and Washington agreed to a year-long trade truce. However, US tariffs on Chinese goods remain in place, and certain product categories remain subject to strict tariff restrictions, forcing China to actively restructure its export strategy.
