ASCO acquires another large-capacity vessel with unlimited sailing capabilities
ASCO has added another Aframax tanker with unlimited sailing capabilities, operated by the shipping company Capital Maritime and Trading Corp, to its fleet. Relevant documents were signed between ASCO and representatives of Capital Maritime and Trading Corp regarding the delivery of the tanker.
The newly commissioned tanker has a deadweight of 115,500 tons, a length of 249.95 meters, a width of 44 meters, and a draft of 21.2 meters. The ship, which can reach a speed of 16 knots, was built in accordance with the latest standards to ensure the safe and efficient transportation of oil and oil products. The tanker meets international environmental requirements, is economical in fuel consumption, and is equipped with high security systems.
The project to purchase this Aframax tanker, which is 100% owned by ASCO, was financed by ASCO's profits, funds obtained from bonds issued by the company in the local market, and loans attracted from local banks.
It should be noted that this ship was given on a time charter to Petrobras, the national oil and gas company of Brazil, for a period of 3 years under a contract. Thus, its operation was ensured during that period.
Following delivery, the tanker delivered its first cargo from Brazil to Singapore and Malaysia. Its next voyage from Malaysia to Saudi Arabia is scheduled for the coming days.
Since 2023, a total of 7 large-capacity vessels have been commissioned in international waters, including 5 Aframax tankers and 2 Handysize dry cargo vessels. 4 of the Aframax tankers were purchased by the Joint Venture established by ASCO and SOCAR.
Expanding activities in non-Caspian basins and thereby contributing to external revenues to the country through the export of local shipping services is one of ASCO's main goals, and activities in this direction will continue in the coming periods.