Today Azerbaijan Caspian Shipping Company has put into operation a high-speed passenger ship Rashid Behbudov, a tanker Ganja and a freighter Gafur Mammadov. The ceremony was attended by President Ilham Aliyev. The tanker Ganja with a load capacity of 7,000 tons is one of two new tankers ordered by Caspian Shipping Company and Caspian Marine Services Alliance. This tanker is able to move in shallow waters. The technical indexes of the Ganja will provide it an opportunity to enter shallow-water ports on the Caspian Sea, as well as move in the Volga-Don and Volga-Baltic channels.
The speedy passenger ship constructed on the Australian shipyard Austal and commissioned by the Caspian Shipping Company and Caspian Marine Services Alliance is designed for 150 passengers. The vessel will carry out orders of BP.
The cargo ship Gafur Mammadov with a load capacity of 3,000 tons was built in order to update the cargo fleet. -71D-
Economics
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The Baku International Sea Trade Port, a critical link in the Middle Corridor connecting East and West, handled 7.6 million tons of cargo in 2024, marking a 3.2% increase from the previous year. This growth underscores the port's expanding role in global trade and its significance as a transit hub for countries such as China, Turkey, Georgia, Iran, and Russia.
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Azerbaijan’s state oil company SOCAR has acquired a 3% stake in the offshore SARB and Umm Lulu concession in the United Arab Emirates (UAE) from Abu Dhabi National Oil Company (ADNOC) for $285 million, marking a significant step in deepening energy ties between the two nations. The transaction, completed in May 2024, was completed in January 2025.
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The Baku Small and Medium Business (SME) House and the Miniboss Business School have signed a memorandum of understanding aimed at developing entrepreneurial skills among children, the Small and Medium Business Development Agency (KOBIA) reported on Monday.
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In 2025, Azerbaijan's information security and digital infrastructure remain under pressure, as experts highlight the absence of a National Internet Exchange Point (IXP). Osman Gunduz, head of the NGO Multimediya, has renewed calls for the Information and Communication Technologies Agency (İKTA) to spearhead the creation of a Milli İnternet Mübadilə Mərkəzi (National Internet Exchange Centre) in collaboration with key local providers Azertelecom, Delta Telecom, AzTelekom, and global industry leaders.
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