The Azerbaijan State News Agency

ECONOMY

PALMALI GETS AFRAMAX TANKER

Palmali Shipping Group of Companies has acquired a new Aframax class high-tonnage oil tanker as part of a strategy to expand its fleet.

The deadweight of the Japan-made vessel, named Baku, is 105,000 metric tons. The ship is 237.74 meters in length, and 42 meters in width.

The vessel will make its first trip to Singapore.

Another Aframax class ship, to be named Azerbaijan, will be delivered to the company later this year.

Recently, Palmali Shipping has been granted a $183m-loan by German banks HSH Nordbank and DVB to purchase three high-tonnage oil tankers.

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