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Baku International Sea Trade Port auctions off its vessel [PHOTO]

7 January 2023 16:05 (UTC+04:00)
Baku International Sea Trade Port auctions off its vessel [PHOTO]

At an auction in Azerbaijan, the Shafaq (Sunrise) vessel belonged to Baku International Sea Trade Port CJSC was sold for AZN70,000 ($41,180), Azernews reports.

The 1985-built vessel was privatized by the State Service on Property Issues as a result of the auction.

The vessel was sold because of the excessive financial resources needed for a significant overhaul to remove the effects of the marine environment, the deterioration of the serviced mechanisms, the effects of a protracted standstill, and the non-compliance of the vessel's current technical condition with the International Maritime Organization requirements (IMO).

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