Azerbaijan to commission ferry terminal by end of 2014

Photo: Azerbaijan to commission ferry terminal by end of 2014 / Economy news

Baku, Azerbaijan, June 25
By Emil Ismayilov - Trend:

A ferry terminal will be commissioned by the end of 2014 within the framework of the construction of new international sea trade port in Azerbaijan.

Head of the State Maritime Administration Gudrat Gurbanov made the remarks at the event dedicated to celebrating Sailor`s Day in Azerbaijan.

This will contribute to the attraction of transit cargo and sea transport development in the Caspian Sea, he said.

"The construction of a new shipyard and new port in Azerbaijan means great importance has been given to the development of industry in accordance with modern standards and requirements," the administration head said.

The new port is being constructed at the Alat settlement (65 km south of Baku).

The construction of the new port, which began in November 2010, is being carried out in three phases. The project's first phase includes the construction of two ferry and three cargo berths for receiving the ro-ro type containers and simple (universal) dry cargo ships. The project's second phase involves the construction of three more cargo berth and the third includes the construction of two additional cargo berths. The port will be able to receive up to 11.6 million tons of cargo per year.

Creation of a powerful port infrastructure is important from the point of view of transportation of goods via the Baku-Tbilisi-Kars railway which is expected to be fully commissioned in 2015.

Baku Shipyard LLC is a joint venture of SOCAR, Azerbaijan Investment Company (AIC) and Keppel Offshore & Marine. It was opened by Azerbaijani President Ilham Aliyev in September 2013.

Keppel owns some 10 percent share of the plant and is fully responsible for its management and operation. The largest shareholders are SOCAR with 65 percent share and AIC which owns a quarter of the enterprise's shares.

The plant is designed for constructing a large spectrum of specialized and merchant ships, including multi-purpose vessels such as platform supply vessels, as well as tankers and cargo ships. The enterprise also has ship-repair capabilities. At full capacity, the plant will be able to carry out up to 100 repair or rebuild works a year.

Edited by CN

Follow us on Twitter @TRENDNewsAgency