ASCO representatives attend partnership meeting hosted by Petrobras

A partnership meeting was held in Rio de Janeiro between Petrobras, Brazil’s state oil and gas company, and its partner shipowners, Report informs, citing Azerbaijan Caspian Shipping Company (ASCO).

ASCO, operating within the structure of AZCON Holding, was represented at the meeting by Zaur Nagiyev, Deputy Chairman of the Board, and Chingiz Safarov, Head of the Merchant Fleet.

Discussions focused on Petrobras’ operational requirements for chartered vessels, compliance standards for shipping companies, current global maritime risks and their mitigation, as well as the company’s ongoing demand for maritime transport services, particularly in offshore operations and logistics.

Petrobras representatives outlined potential future projects and expressed their intention to expand cooperation with partner companies within these frameworks.

During the discussions, it was noted that one Aframax-type tanker owned by ASCO is already under a long-term charter by Petrobras, and satisfaction with this cooperation was expressed. Opportunities for chartering additional ASCO vessels to this reputable international oil and gas company were also discussed.