Azerbaijani Economy Ministry said that an agreement was signed with a Dutch company in the field of expanding ship production in Azerbaijan.
The document on tripartite cooperation was signed earlier this week by Baku Shipyard LLC, Baku International Sea Trade Port JSC and Damen Shipyards Gorinchem B.V. of the Netherlands.
Under the agreement, a dredging vessel will be produced jointly with the Damen company at the Baku Shipyard.
The Ministry said that this new vessel will be important for the removal of obstacles in the ports due to the lowering of the level of the Caspian Sea.