At least 150 ships to be built under STLC programme - Sergey Khramagin

State Transport Leasing Company (STLC) has developed proposals under water transport leasing programme aimed at construction of at least 150 ships, STLC cites its Director General Sergey Khramagin as telling Russian President Vladimir Putin today, 5 March 2018, at the Congress of Transport Workers of Russia. The proposals take into account technical capabilities of domestic shipbuilders.

According to Sergey Khramagin, the order backlog of STLC numbers 92 vessels of different types, investments into water transport exceeded RUB 80 billion, the company’s share in the market is 80%.
 
“50% of ships will be decommissioned within 10 years. Consequently, transportation of cargo by inland water ways will decrease, infrastructure upgrading and development will slow down. That will have an impact on the standard of living in coastal areas. That is a systemic problem that can be solved with the state support through application of the leasing mechanism like in the aviation. Taking into consideration technical capabilities of domestic shipbuilders we have developed proposals – key parameters of the programme. Total number of vessels built as part of the programme will be at least 150”, Director General of STLC told the President.

State Transport Leasing Company (STLC) is one of the leading companies in the Russian leasing market, a diversified leasing company being one of the top 5 leasing companies by volume of the leasing portfolio, an industry leader in the aircraft and water transport leasing sectors. STLC is an implementation tool of the state policy of control and development of the Russian transport industry. The sole shareholder of the company is the Russian Federation represented by the Ministry of Transport. As of 30 September 2017, IFRS assets of STLC exceeded RUB 291 billion.