Volga Shipping Company has announced the acquisition of a 100% stake in JSC Passenger Port based in Novosaratovka, Leningrad region, the shipping company said.
JSC Volga Shipping, founded in 1843, is now one of the largest shipping companies in Russia. The Company is a carrier of cargoes and on inland waterways of the country. During last year’s navigational period Volga Shipping transported 6.7 million tons of cargoes and 368,000 passengers.
The Company is part of VBTH, a shipping division of the international transportation group UCL Holding (the majority owner VBTH), consolidating a number of Russian rail, stevedoring and logistics companies.