Baku Shipyard: plan to build about 10 Ro-Ro vessels under a joint venture

On 19 March 2026 AZCON Holding and a private investor signed a Letter of Intent to establish a joint venture with equal share participation. Within the joint venture, construction of approximately 10 Ro-Ro type vessels at the Baku Shipyard is planned, with orders for the new vessels envisaged to be placed starting from 2026 and joint operations to commence in 2026 through integration of existing Ro-Ro vessels. The project aims to organise transportation of wheeled vehicles across the Caspian Sea and strengthen the sustainability and efficiency of the Middle Corridor.