EBRD supports ASCO's fleet expansion

In:

Transport

Region:

Asia-Pacific

The EBRD has provided a $42 million (€38.71 million) loan to the Azerbaijan Caspian Shipping Company (ASCO). As a state-owned shipping entity in Azerbaijan, ASCO will utilize the funds to augment its merchant fleet operations, focusing on acquiring two Handysize vessels. These vessels will be...

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