(MENAFN- Trend News Agency)
BAKU, Azerbaijan, January 9. Azerbaijan's ASCO
(Azerbaijan shipping Company) has added another Aframax type tanker
with unlimited navigation capabilities to its fleet, previously
operated by Capital Maritime and Trading Corp., Trend reports.
Representatives from ASCO and Capital Maritime and Trading Corp.
have signed the necessary documents regarding the tanker's
transfer.
The freshly snagged tanker tips the scales at a hefty 115,500
tons, stretching out to 249.95 meters in length with a broadside of
44 meters, and standing tall with a hull height of 21.2 meters.
With a speed reaching up to 16 knots, the vessel is constructed
according to the latest standards to ensure the safe and efficient
transportation of oil and petroleum products.
It ticks all the boxes for international environmental
standards, runs like a well-oiled machine when it comes to fuel
efficiency, and is packed to the gills with cutting-edge safety
features.
The acquisition of this tanker, owned by ASCO, was financed
through the company's profits, bonds issued in the local market,
and loans from local banks.
The vessel has been chartered to Brazil's national oil and gas
company, Petrobras, for a three-year term, ensuring its operation
during this period.
Post-handover, the tanker achieved a successful milestone by
executing its inaugural cargo delivery from Brazil to the dynamic
markets of Singapore and Malaysia.
In the upcoming days, a strategic journey from Malaysia to Saudi
Arabia is on the horizon.
Additionally, since 2023, seven large-capacity vessels have been
commissioned in international waters, including five Aframax-type
tankers and two Handysize dry cargo ships.
Four of these Aframax tankers were acquired by a joint venture
established by ASCO and SOCAR.
Expanding operations beyond the Caspian Sea and contributing to
the national economy through the export of domestic shipping
services remain primary objectives for ASCO, with continued efforts
planned in this direction.
The“Azerbaijan Caspian Shipping” Joint-Stock Company merged the
country's main fleets, the Azerbaijan State Caspian Sea Shipping
Company and the State Oil Company of the Azerbaijan Republic's
Caspian Sea Oil Fleet. The“Azerbaijan Caspian Shipping” CJSC has
two shipyards and offshore support and commercial fleets. The
merchant fleet has 51 ships: 20 tankers, 12 ferries, 16 dry cargo,
1 Ro-Ro, and 2 Ro-Pax. By integrating maritime fleets, the
“Azerbaijan Caspian Shipping” Closed Joint-Stock Company takes on
high-level responsibilities.
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