Azerbaijan Caspian Shipping sets up tanker jv with Columbia

Azerbaijan Caspian Shipping Company (ASCO) and Columbia Shipmanagement have entered into a memorandum of cooperation to set up a joint venture.

Under the memorandum, the two parties agreed to continue negotiations on the creation of a joint venture and the development of the necessary technical and economic documents.

“The company will create a solid basis for the exchange of experience on the operation of large tankers in international waters, training of seafarers and ASCO employees, as well as the participation of ships in new international projects,” ASCO said in a release.

ASCO operates a fleet of 93 vessels including 35 tankers.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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