ASCO

The Azerbaijan Caspian Shipping Closed Joint-Stock Company was established by merging the countrys two largest fleets – the Azerbaijan State Caspian Sea Shipping Company and the Caspian Sea ​​Oil Fleet of the State Oil Company of Azerbaijan Republic. The merger took place in accordance with Decree No.6 of the President of the Azerbaijan Republic, dated October 22, 2013, on establishing of the Azerbaijan Caspian Shipping Closed Joint-Stock Company and Decree No.213, dated January 10, 2014, on organizing of the work of the Azerbaijan Caspian Shipping Closed Joint-Stock Company. Two companies were merged in order to continue fundamental structural reforms in the economy, increase domestic and international transportation in the maritime industry, enhance the competitiveness and transit potential of Azerbaijan and get synergies from centralized management of the state-owned shipping companies.