(MENAFN- AzerNews) At an auction in Azerbaijan, the Shafaq (Sunrise) vessel
belonged to Baku International Sea Trade Port CJSC was sold for
AZN70,000 ($41,180), Azernews reports.
The 1985-built vessel was privatized by the State Service on
Property Issues as a result of the auction.
The vessel was sold because of the excessive financial resources
needed for a significant overhaul to remove the effects of the
marine environment, the deterioration of the serviced mechanisms,
the effects of a protracted standstill, and the non-compliance of
the vessel's current technical condition with the International
Maritime Organization requirements (IMO).
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Tags: azerbaijan baku international sea trade port
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