The primary ASCO “Handysize” kind bulk service beneath the flag of Azerbaijan set off on its first long-distance voyage – 2024-05-30 21:05:20

by times news cr

2024-05-30 21:05:20

The primary dry-cargo vessel of the “Handysize” kind of the Azerbaijan Caspian Delivery Firm (ASCO) CJSC, known as “Khojaly”, was despatched on its first voyage and after receiving the cargo within the South Korean port of Bakpyon, it went to the port of Portland (USA) and, the truth is, will grow to be the primary ship of Azerbaijan to sail in American waters beneath the Azerbaijani flag.

Day.Az reported this on Monday close to ASCO.

“The Khojaly vessel was acquired inside the framework of the Strategic Delivery Growth Program as a way to develop the geography of nationwide transport actions outdoors the Caspian Sea and improve the potential of cargo transportation in worldwide basins,” ASCO emphasised.

Allow us to recall that on February 1, 2024, an settlement was signed between ASCO and the European Financial institution for Reconstruction and Growth (EBRD) for the acquisition of two “Handysize” kind bulk carriers (70% of the financing for the acquisition of ships or $42 million was secured by an EBRD mortgage with out authorities ensures, and 30% (or 18 million US {dollars}) – from ASCO’s inside assets).

“The Khojaly vessel has a carrying capability of 38,593 tons. That is roughly 8 occasions greater than the carrying capability of present ASCO dry cargo ships. The size of the ship is 180 meters, width – 30 meters, aspect top – 15 meters, draft – 10.47 meters. Because of the utmost carrying capability of the vessel can name at many harbors world wide,” ASCO notes.

The “Handysize” kind dry cargo ships accepted onto ASCO’s steadiness sheet assist Azerbaijan’s want to strengthen the nation’s place as crucial hyperlink within the Center Hall connecting Central Asia and the South Caucasus with world markets.

The Azerbaijan Caspian Delivery Firm CJSC (the biggest fleet within the Caspian Sea) at the moment has 55 vessels for numerous functions on its steadiness sheet.

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