Baku Shipyard eyes to switch to more competitive pricing strategy
Baku, Azerbaijan, Dec.6
By Leman Zeynalova – Trend:
Baku Shipyard intends to switch to a more competitive pricing strategy, Trend reports citing Imanverdi Hasanov, general manager of Baku Shipyard.
“We believe that by completing similar projects, whether it be a newbuild or repair, we will increase our productivity and efficiency, thus leading to a more competitive pricing strategy,” he told TOGY.
He pointed out that Baku Shipyard is a brand-new establishment that has been in operation for only five years.“For the shipyard to become competitive takes quite some time and experience. So far, we have been executing and successfully delivering unique projects in our yard.”
Hasanov went on to add that Baku Shipyard is constantly exploring new opportunities for the expansion within the Caspian Sea region.
“In fact, several major repair and upgrade projects have been carried out for foreign clients within this region. Take, for example, the integration works of the newbuild vessels that have been cut into several blocks so that they can pass through the Volga-Don channel or major renovation works of the barges and vessels that have been operational for years,” he noted.
Baku Shipyard LLC is a joint venture of SOCAR, Azerbaijan Investment Company (AIC) and Keppel Offshore & Marine Limited company, and it was opened by President of Azerbaijan Ilham Aliyev in September 2013.
Keppel company owns 10 percent of the factory's shares and is fully responsible for its management and operation. SOCAR is the largest shareholder of the enterprise with a share of 65 percent, and it is followed by the AIC, which owns a quarter of the shipyard's shares.
The factory has been designed for the construction of a wide range of specialized and commercial vessels, including multi-purpose naval vessels such as platform supply vessels, as well as tankers and cargo vessels. The conditions for ship repair have also been created at the enterprise.
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