• 2017 August 8 15:03

    State Transport Leasing Company's leasing portfolio becomes the largest in Russia

    Russia's OJSC State Transport Leasing Company (GTLK/STLC) has become the largest leasing company in the country in terms of the leasing portfolio, which now exceeds RUB 430 billion, the STLC press office said citing provisional results of a research of the Russian leasing market in H1 2017. The research was conducted by RAEX rating agency (Expert RA Group) in conjunction with the United Leasing Association.
    The company's new business volume amounted to RUB 55.4 billion, or a 70% surge from H1 2016. STLC is the first in terms of the amount of new leasing contracts of total value at RUB 103.4 billion.

    Sergei Khramagin, CEO, State Transport Leasing Company comments: "For the first time State Transport Leasing Co becomes the largest leasing company in Russia in terms its leasing portfolio. The company's business is actively developing, and this is reflected in the ranking. Of course, we are not going to stop and prepare strategic plans for the future. One of the priority directions of our company's activity is the development of export of Russian high-tech products. To solve this problem, the GTLK Group has sufficient infrastructure, our 100%-own subsidiary GTLK Europe successfully operates in the international leasing market from 2012".

    According to Expert RA, the total volume of new business of leasing companies in the first half of the year has reached RUB 425 billion as of July 1. The leasing business continues an upward trend second year in a row, largely due to the stabilization of the Russian economy and the implementation of government programs to subsidize leasing sector.

    The market performance indicators prepared in the framework of the research will be submitted to Leaseurope. The full results of the research will be published on the Expert RA website and in leading business media outlets in the second half of September 2017.

    State Transport Leasing Company is one of the leading companies in the Russian leasing market, a diversified leasing company being one of the top five leasing companies by volume of the leasing portfolio, an industry leader in the aircraft and water transport leasing sectors. The sole shareholder of STLC is the Russian Government through the Ministry of Transport. STLC is an implementation tool of the state policy of control and development of the Russian transport industry. STLC facilitates the utilization of Russia’s transit potential, and develops transport and infrastructure projects using the leasing mechanism. The Company's principal activities are the leasing of air transport, sea and river vessels, railway vehicles, trucks and special equipment as well as energy-efficient urban passenger transport, including gas and electricity propelled vehicles.

    As of December 31, 2016, STLC's assets under IFRS exceeded RUB 232 billion. STLC assigned credit ratings of "BB" from Fitch Ratings, "BB-" from S & P Global Ratings and "Ba2" from Moody's Investors Service.

2019 January 23

17:40 Andrei Malyarov elected as Chairman of Severnaya Verf shipyard's BoD
17:19 RWE files acquisition of renewables businesses of E.ON and innogy with European Commission
17:03 The Board of Directors of Fincantieri appoints a second General Manager
16:51 Ice restrictions at the port of Arkhangelsk come into effect on February 15
16:37 USCG interdicts smuggling boat with convicted criminals aboard off Florida
16:24 Regulatory issues related to operation of seaport infrastructure facilities to be discussed at the 2nd HES and Dredging Congress
16:08 First discharge of LPG from Ichthys LNG Project in Japan carried by “K” LINE’s VLGC “GRACE RIVER”
16:03 CMA CGM to launch its Med Pendulum Service (MPS)
15:46 Ice restrictions at the port of Vyborg (Leningrad Region) come into effect on February 6
15:33 Nakilat – Keppel welcomes first FSRU at the Erhama Bin Jaber Al Jalahma Shipyard
15:28 MHI Vestas achieves final turbine installation at Horns Reef 3
15:18 Rolls-Royce completes €57 million upgrade of Rauma thruster facility
15:03 NYK announces delivery of new coal carrier for Hokkaido Electric Power
14:33 Port of Oakland reports more ships than ever plugging into grid
14:20 Throughput of Port Vysotsky up 10.7% to 7.89 million tonnes in 2018
14:03 Kiel welcomes the TUI Cruises newbuilding
13:45 Admiralteiskie Verfi shipyard lays down large freezing trawler of Project СТ-192
13:27 Coast Guard’s only heavy icebreaker arrives at Antarctica
13:02 Rotterdam as a circular hub for the raw materials transition
12:58 The Russian Federation accedes to passenger compensation treaty
12:51 New initiatives to strengthen Singapore as a global maritime hub announced
12:37 SCHOTTEL presents new mechanical hybrid propulsion solution
12:04 Port of Riga cooperates with Balarusian forest industry to further increase its timber cargo volumes
11:42 15 vessels escorted by icebreakers in eastern part of Gulf of Finland during 24 hours on January 22-23
11:16 OSG exercises option for second 204,000 barrel barge at Gunderson Marine
10:55 Maritime Security & Offshore Patrol Week 2019 to be held for the first time ever in Dubai, UAE by IQPC Middle East
10:37 N-KOM welcomes first FSRU at the Erhama Bin Jaber Al Jalahma Shipyard
10:20 Responsibilities for implementation of state programmes of the Russian Federation divided between Deputy Prime Ministers
10:06 Brent Crude futures price up 0.03% to $61.52, Light Sweet Crude – up 0.02% to $53.03
09:48 Aderco: Planning for 2020 has already started
09:43 Vympel Shipyard lays down yet another hydrographic vessel / buoy tender of Project 19910 for RF Navy
09:19 Baltic Dry Index is down to 1,036 points

2019 January 22

18:25 Elengy prepares the sale of access capacities to the Fos Tonkin LNG terminal for the period 2021-2030
18:05 Monjasa steps up as the 2nd largest local bunker supplier in the Panama Canal in 2018
17:54 Relampago practices skills with UAE Navy ship
17:35 CalMac takes over the tiller at Argyll Ferries
17:05 NYK gets the highest-rated ‘A’ for Climate Change by CDP Survey
16:42 RF Government proposed candidates to Novorossiysk Commercial Sea Port's BoD
16:23 Pilbara Ports Authority achieves a new record tonnage on a single tide at the Port of Port Hedland
15:56 Port of Rotterdam Authority and Rotterdam Port Promotion Council renew collaboration
15:46 ICTSI Subic hits milestone 200,000th TEU move
15:44 Growth seen in several sectors at ABP South Wales
15:28 KONTUR SPb ERT unit’s drills get thumbs up from Rosmorrechflot’s certification commission
15:22 First ship viaVerbrugge Terminals’ new permanent shipping line with South America docks in North Sea Port
15:00 Meyer Turku delivers New Mein Schiff 2 to TUI Cruises in Kiel
14:41 Jotun looks into expansion of ship coatings production in Russia
14:32 HHLA completes expansion of the container rail terminal Burchardkai
14:19 Bunker prices are flat at the Far East ports of Russia (graph)
14:02 North Queensland Bulk Ports Corporation opens the Port of Mackay for new bulk material trades
13:32 China Navigation to acquire the bulk shipping activities of Hamburg Süd
13:22 14 crewmembers of gas carriers which caught fire in the Kerch Strait confirmed dead, five missing
13:15 Fincantieri to build LCS 31 for US Navy
12:53 Gdynia, Poland to host Transport Week 2019 on March 5-7
12:31 MOL moves to establish 'Asahi MOL Tankers' for pool operation of MR Product Tankers
12:14 DFDS expands cooperation with Turkish Ekol Logistics
11:45 ABP invests £2.2 million in new agribulk terminal at Port of Ayr
11:17 BIMCO: only international action will stop increase in piracy
10:52 4 vessels escorted by icebreakers in eastern part of Gulf of Finland during 24 hours on January 21-22
10:30 Severnaya Verf will build four more trawlers for Norebo
10:16 Ocean Alliance Day 3 З Product : CMA CGM ready for third phase starting in April 2019