Azerbaijan, Baku, July 4 / Trend E. Ismayilov /
Azerbaijan State Caspian Shipping decided to transfer 10 ships of Kishinev from Black Sea basin to the Caspian Sea, Kaspar head Aydin Bashirov said on July 4. Decision was made due to reduction of freight transportation both in Black Sea and Mediterranean Sea because of world financial crisis
"Presently, many ships stay waiting for freight because of crisis. We decided to transfer 10 ships of Kishinev to the Caspian Sea to avoid losses.
There will be more freight in the Caspian Sea than Black Sea basin, he said. Many ships of Kaspar in Black Sea exploited more than 25 years. But presently freighters want to transport freight at new ships, head of steamship said.
Kaspar expects for transportation volume to hit 13 million tons of freights and more in 2009. Roughly 70 percent of total volume of freight falls on oil and oil products, Bashirov said.
"Presently, there is competition in the Caspian Sea. Kazakhstan and Turkmenistan buy ships. Despite it, Kaspar preserves and will preserve leading position," Bashirov said.
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