Trouble Arise for Factory in Baku

Wednesday, November 28, 2007
Plans of Ministry of Transport of Azerbaijan for expansion of new Baku International Sea Trade Port (in Alat settlement of Garadagh region) effected projecting of Caspian Shipbuilding Factory. Azerbaijani Government said that expansion of new port does not allow to determine definitely location of new factory. “Speed-up of the projecting is possible after expected projecting of new Baku Port in Alat in December-January,” the Government informed. The Factory will be able to produce whole spectrum of ships – from yachts to coarse tankers. The project will be realized by Korean STX and Azerbaijan Investment Company (AIC). STX has already completed the feasibility study and presentation of project of Caspian Shipbuilding Factory in Baku can be held in late November – early December.

Memorandum on Caspian Shipbuilding Factory Project was signed on April 24 in Seoul. According to the memorandum, AIC is ready to purchase 25% of stake in the project. The Factory will be oriented to repair ships including tankers to transport Kazakh and Turkmen oil. That will be a single factory in Azerbaijan but its capacity will depend on portfolio of orders. Source: ABC

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Horizon Delivers Towboat Marty Cullinan for FMT

In June 2016 Horizon Shipbuilding, Inc. of Bayou La Batre, Ala. delivered the M/V Marty Cullinan, a 120’ towboat with a retractable pilot house, to its home port of New Orleans, La.

New Dredger for North Carolina’s Coastal Waterways

The North Carolina Department of Transportation recently took delivery of a new, fully customized cutter suction dredge, which it christened the Dredge Manteo in a ceremony held April 28,

New 'Mega Passenger Ship' for Star Cruises

Elomatic Ltd and Deltamarin Ltd have signed a tri-party engineering contract with shipbuilder MV Werften for the design of Star Cruises’ new Global Class “mega passenger ship,

 
 
Maritime Security Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0633 sec (16 req/sec)