Baku Shipyard: agreement to build two dry cargo vessels for KTZ Express Shipping

On 4 May 2026, Baku Shipyard LLC, a subsidiary of AZCON Holding, and KTZ Express Shipping, part of the Samruk-Kazyna group, signed a shipbuilding cooperation agreement covering construction of two dry cargo vessels to modern international standards. The release cites growing freight traffic along the Middle Corridor; with this agreement the number of vessels under construction for international orders reached 4. Timelines, contract value and delivery schedule were not disclosed.