ASCO (Azerbaijan Caspian Shipping Company) 97791COMPANY GROUP

Baku, Azerbaijan

The “Azerbaijan Caspian Shipping” Closed Joint-Stock Company was established by merging the country’s two largest fleets – the Azerbaijan State Caspian Sea Shipping Company and the Caspian Sea Oil Fleet of the State Oil Company of Azerbaijan Republic. The merger took place in accordance with Decree No.6 of the President of the Azerbaijan Republic, dated October 22, 2013, on establishing of the “Azerbaijan Caspian Shipping” Closed Joint-Stock Company and Decree No.213, dated January 10, 2014, on organizing of the work of the “Azerbaijan Caspian Shipping” Closed Joint-Stock Company. Two companies were merged in order to continue fundamental structural reforms in the economy, increase domestic and international transportation in the maritime industry, enhance the competitiveness and transit potential of Azerbaijan and get synergies from centralized management of the state-owned shipping companies. The “Azerbaijan Caspian Shipping” CJSC is comprised of offshore support and merchant fleets and two shipyards. The merchant fleet consists of 54 vessels: 20 tankers, 13 ferries, 15 universal dry-cargo, 2 Ro-Ro ships, and 2 Ro-Pax ships as well as 1 auxiliary vessel and 1 floating workshop. The offshore support fleet is comprised of 210 vessels: 20 crane vessels, 25 supply, and tug vessels, 26 passenger ships, 2 pipelay barges, 6 firefighting vessels, 7 geological survey vessels, 2 diving support vessels, and 88 other support vessels. The “Azerbaijan Caspian Shipping” CJSC plays a connecting role in the Transport Corridor Europe-Caucasus-Asia (TRACECA), providing marine transportation of goods and passengers along with the Trans-Caspian Sea as well as provides offshore support services for oil and gas operations.morehide