BAKU, Azerbaijan, Mar.14
By Fidan Babayeva - Trend:
Azerbaijan imported ships, boats, and floating structures worth $214,000 from foreign countries in January 2021, which is almost twice less year on year, Trend reports citing the statistical bulletin of the State Customs Committee.
In the reporting month, Azerbaijan didn’t export ships, boats, and floating structures made up $163,000, the bulletin said.
Baku Shipyard LLC (shipbuilding plant) was registered as a resident of Garadagh Industrial Park.
The plant, which meets modern requirements, created on the basis of technologies from Finland, the Netherlands, Germany, the UK, Korea, and Singapore, assembles and repairs tankers, bulk carriers, and vessels for various purposes.
In 2019, the State Oil Company of Azerbaijan (SOCAR) increased its share in the Baku Shipyard from 70.21 percent to 87.47 percent.
The other shareholders of the company are Azerbaijan Investment Company (8.95 percent) and KV Enterprises B.V. in Singapore (3.58 percent).
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