Another Aframax tanker acquired by SA Maritime AFEZCO joint venture established on a parity basis with the approval of the Azerbaijan Caspian Shipping Company CJSC (ASCO) and the Supervisory Board of the Azerbaijan State Oil Company (SOCAR) was launched in Singapore, Report informs, citing ASCO.
According to President Ilham Aliyev's directive, the vessel was named Karabakh.
The flag of Azerbaijan was raised on the vessel to the sounds of the National Anthem.
Like other Aframax tankers to sail under the Azerbaijani flag outside the Caspian Sea Karabakh has about 115,000 tons deadweight (total carrying capacity).
The vessel will be operated by ASCO Ship Management AFEZCO, which is a 100% subsidiary of ASCO and is registered in the ALAT Free Economic Zone.