The "Shafaq" (Sunrise) vessel belonging to Baku International Sea Trade Port CJSC was sold for 70,000 manat ($41,180) at an auction in Azerbaijan, Trend reports.
As a result of the auction, the vessel, built in 1985, was privatized by the State Service on Property Issues.
The vessel was sold due to excessive financial resources required for a major overhaul to eliminate the effects of the marine environment, deterioration of the serviced mechanisms, the consequences of a long standstill and the non-compliance of the current technical condition of the vessel with the requirements of the International Maritime Organization (IMO).
