Bank Of Baku

Azeri fleet predicts 8% rise in freight traffic this year

Azeri fleet predicts 8% rise in freight traffic this year
# 02 April 2009 16:24 (UTC +04:00)
Baku. Rashad Suleymanov - APA-Economics. Cargo shipment by Azerbaijan’s fleet is projected to rise by 1 million tons or 8% on year-over-year basis, said Gudret Gurbanov, Head of the State Maritime Administration.
According to him, petroleum and petroleum products account for the bulk of cargo shipments.
The State Maritime Administration transported 11.9 million tons of cargo in 2008, up 17% on a year ago.
Of these, 71% was oil, 29% was dry cargo.
Gudret Gurbanov said the Caspian Shipping Company will add 4 new tankers to the fleet this year.
At present there are 552 Azerbaijani flagged ships.
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