Konstantin Palnikov has been appointed new Managing Director of North Western Shipping Company, the NWSC managing company Transport Asset Management LLC reports.
The authority of a sole executive body of North-Western Shipping Company OJSC were delegated to Transport Asset Management LLC from July 1, 2009.
Transport Asset Management LLC is UCLH subsidiary. It was set up in 2008 for optimization of management within the holding.
UNIVERSAL CARGO LOGISTICS HOLDING BV (UCLH) is a transport holding controlling Sea Port of Saint Petersburg, Universal Transshipment Complex in Ust-Luga, commercial seaports of Taganrog and Tuapse, etc.
UCLH now plans to close the transaction on acquisition of the control stock of Volgo-Balt Transport Holding Limited controlling North-Western Shipping Company OJSC, Volga Shipping OJSC, Volga-Flot Tanker OJSC and Oka Shipyard OJSC.
North Western Shipping Company is Russia’s largest carrier specializing in transportation of loose and bulk cargo. Cargo transportation is carried out by 133 motor vessels including 68 vessels owned by the company and 36 chartered from Volga Shipping. The company carries 6.6 million tonnes of cargo per year.