Azerbaijan Caspian Shipping sets up tanker jv with Columbia

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 worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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