AZCON Holding has signed a Letter of Intent with a private investor

AZCON Holding and a private investor have signed a Letter of Intent outlining the main areas of cooperation between the parties.

According to the document, the parties plan to establish a joint venture with equal share participation. Within the framework of the joint venture, the construction of approximately 10 “Ro-Ro” type vessels at the Baku Shipyard is planned.

At the same time, it is envisaged that orders for the new vessels will be placed starting from 2026. In addition, it is planned to commence joint operations in 2026 through the integration of existing “Ro-Ro” vessels into the joint venture.

The implementation of the project will enable the joint organization of operations related to the transportation of wheeled vehicles across the Caspian Sea.

This initiative will contribute to further strengthening the sustainability and efficiency of transportation along the Middle Corridor.