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An initial surge in freight prices — prompted by ships taking the much longer route around the Cape of Good Hope — petered out in March, yet prices have now surged even higher
The Trans-Caspian International Transport Route (TITR) runs through China, Kazakhstan, the Caspian Sea, Azerbaijan, Georgia, Turkey and further through the Black Sea to Europe. The TITR is a multimodal route that involves two modes of transport: rail and sea.