Vanino Commercial Seaport to cut dividends
![](/img/en_news_image.jpg)
The Board of Directors of Vanino Commercial Seaport (Khabarovsk Territory) has recommended its shareholders to pay RUR 110 per ordinary share and RUR 228 per preferred share with a nominal value of RUR 1 as dividends for 2008, the company states.
Dividends for 2007 were RUR 177 per ordinary share and RUR 354 per preferred share, thus this year they are to decrease by 38% and by 35.6% respectively, Interfax reports.
Vanino Commercial Seaport OJSC is the largest stevedoring company of Khabarovsk. It provides handling and forwarding services. Cargo is delivered via Vanino to the north-eastern regions of Russia, Japan, South Korea, China, Australia, USA and other countries of APR region.
The length of the port’s berthing line is about 2.5 kilometers. The port’s infrastructure comprises 16 berths, open and covered warehousing facilities, specialized handling equipment. The port is capable of handling vessels with deadweight of up to 45,000 tonnes.
In 2008 the company handled 6.621.3 million tonnes of cargo.