The British Interocean Group has established a joint venture with Baku-based shipping company Green Line Shipping to expand its presence in Azerbaijan and the broader Caspian region.
Sea-news.az reports citing the British company, that the partnership is designed to combine the UK side’s international standards, corporate governance systems, and technical expertise with the local experience and operational capabilities of the Baku-based firm.
The collaboration takes the form of a strategic “non-equity” partnership, meaning the businesses are not merging or acquiring one another.
The parties intend to jointly evaluate projects and define execution models in areas such as marine and offshore energy services, ship management, marine insurance, and comprehensive asset solutions.
Founded in 2007, the Interocean Group specializes in delivering integrated marine and engineering services, asset integrity management, and energy sector support, with operations spanning 17 countries.
