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            september 23, 2019

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Caspian Shipping Company to modernise its fleet to service oil fields


The Azerbaijan Caspian Shipping Company (ASCO) says it will build 56 new vessels within 10 years to service oil fields, reports the local news agency, AzerNews.
"For the replacement of current vessels (built in the 1960-1970s), it is planned to build 40 new ships of the WSB01 (1547) project and another 16 ships of other projects, including passenger vessels, to transport personnel to the platforms," the Marine Engineering Bureau told local media.
At the request of ASCO, three multifunctional tugboats on the WSB01 (1547) project will be built at the Zikh Ship Repair Yard. The boats are designed for towing non-powered vessels and floating structures.
ASCO and Marine Engineering Bureau established the joint venture Caspian Marine Engineering Bureau in December 2016 for engineering services in the field of maritime transport.
Azerbaijan Caspian Shipping Company (ACSC) was established by merging Azerbaijan's two largest fleets - Azerbaijan State Caspian Sea Shipping Company and Caspian Sea Oil Fleet of the State Oil Company of Azerbaijan on 22 October 2013.
This was done to continue fundamental structural reforms in the economy, enhance local and international shipping in the maritime sector, strengthen the country's competitiveness and transit potential.

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