The Cabinet of Ministers adopted Resolution # 490, providing for a change in the statute and structure of the CJSC Azerbaijan Caspian Shipping on November 30.
A subsidiary agricultural enterprise Denizci (Sailor) has been derived from the shipping company’s structure and is planned to be privatized. The new structure has included LLC ACSC Logistics and the Denizci building society as subsidiary legal entities. In addition, the shipping company’s structure may include legal entities and joint ventures established by the company outside the country.
The structure also includes the dry cargo port Zykh, and the Inflot Maritime Agency.
The shipping company has offices in all the five Caspian countries, as well as in Ukraine and Turkey.
Caspian Shipping was founded in January 2014 on the basis of the Caspian Shipping Company and SOCAR Caspian Marine Fleet. ------08D
Economics
-
Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
-
Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
-
The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
-
There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
Leave a review