Novotrans acquired stevedoring company operating Ro-Ro ferry facility at the port of Ust-Luga
Holding Company “Novotrans” JSC has completed the transaction on acquisition of 100% in the authorized capital of stevedoring company Global Service LLC. The transaction undertaken in pursuance of the Holding’s strategy for diversification has been registered by Uniform State Register of Legal Entities, Novotrans says in a press release.
Global Service LLC, a general agent of FSUE Rosmorport at Ro-Ro ferry facility at the port of Ust-Luga, provides loading/unloading and storing services. The Ro-Ro ferry facility ensures cargo transportation between the Leningrad and the Kaliningrad regions (ports of Ust-Luga and Baltijsk). As of today, the two ferries, he Ambal and the Baltijsk, operate at the line. They can carry up to 1.5 million tonnes per year. The Ro-Ro ferry terminal in Ust-Luga is Russia’s only transport facility allowing for cargo transportation to the Kaliningrad Region without crossing the borders of other states. The terminal has facilities for loading automobiles and railcars as well as other processing areas. Total area of the facilities exceeds 30 hectares with more than 8 kilometers of railway approaches.
According to the statement, the Leningrad Region is a strategic partner in implementation of Novotrans’ investment projects. The Holding is set to develop the technical facilities of the ferry service. In particular, new forklift trucks, tractor trucks and other equipment has been purchased for that purpose. Novotrans shareholders see the aim of the stevedore's activities in ensuring and developing uninterrupted maritime communication with the Kaliningrad Region, Russia’s anclave on the Baltic Sea, and in boosting cargo traffic between the ports of Ust-Luga and Baltijsk. Thus, the Holding is to act in the best interest of the state and follow the corporate social responsibility principle.
The group of companies "Novotrans" was founded in 2004. At present, Novotrans is one of the largest railway rolling stock operators in Russia and the CIS. The total fleet of freight cars exceeds 28 thousand units. Own repair production renders a full complex of services on technical and service maintenance of freight cars, uniting 4 high-tech enterprises in different regions of the country.