Azerbaijan Caspian Shipping Company (ASCO) has added another Aframax type tanker with unlimited navigation capabilities to its fleet, previously operated by Capital Maritime and Trading Corp., Report informs citing ASCO.
Representatives from ASCO and Capital Maritime and Trading Corp. have signed the necessary documents regarding the tanker’s transfer.
The newly acquired tanker has a deadweight of 115,500 tons, a length of 249.95 meters, a width of 44 meters, and 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 meets international environmental requirements, is fuel-efficient, and is equipped with advanced safety systems.
The acquisition of this Aframax type tanker, wholly owned by ASCO, was financed through the company’s profits, bonds issued in the local market, and loans from local banks.
Notably, 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.
Following the handover, the tanker successfully delivered its first cargo from Brazil to Singapore and Malaysia. In the coming days, its next voyage from Malaysia to Saudi Arabia is planned.
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.