BAKU, Azerbaijan, March 20. The fleet of "Aframax" tankers ("Aitolos") under the management of the Azerbaijan Caspian Shipping Company (ASCO) was acquired last year and included in the balance sheet of ASCO, Trend reports.
According to the 2024 activity report of the Cabinet of Ministers of Azerbaijan, the purchase of the tanker was financed through the issuance of bonds worth $50 million, along with additional attracted funds.
Thereafter, the number of large Aframax deadweight tankers under ASCO's management reached five.