Rus News Journal

Celestial steamships

Volgo - the Baltic company

has ordered to itself Volgo - the Baltic company operating two river shipping companies largest in Russia of Severo - Western and Volga, the river - the sea deadweight on 5 thousand t everyone has ordered on the Korean shipyard of Hyundai ten dry-cargo ships of type. Contract cost reaches 125 million dollars Necessity of building of new fleet for the company explain the big deterioration of operating courts. Experts also believe that the order of new dry-cargo ships speaks toughening of requirements of the state to a technical condition of fleet and the outlined growth of volume of river transportations.

Volgo - the Baltic company (VBK) is a management company of the holding uniting Severo - the Western shipping company (SZP), the Volga shipping company, Volga - Fleet - the Tanker the Oksky shipyard and the Neva ship-building ship-repair factory. In 2007 of court SZP have transported 6,2 million t cargoes (growth since 2006 on 6 %), from them 4, 566 million t - in the foreign message. The Volga shipping company has transported more than 7 million t cargoes (the data for 11 months 2007), from them 1,6 million in an export direction. In February the Danish metallurgical company Jysk Stalindustri, Vladimir Lisina`s affiliated structure, has submitted the petition en face on acquisition of 80 % of actions Volgo - Balt Transport Holding, being the owner of shipping companies which operates VBK.

under the Korean contract of Volgo - the Baltic company will receive the First vessel in March, 2010. The following will be transferred each two months. As chairman of board of directors Severo - the Western shipping company Victor Olersky has informed daily, the contract sum has made 125 million dollars As he said, two variants of registration of these dry-cargo ships are now considered: or in the Russian international register of courts (RMRS), or under convenient Flag (Malta, Cyprus, Liberia. - daily). The final decision will be accepted after the coordination with creditor banks, which while poorly perceive RMRS though some movement towards goes - has specified g - n Olersky. In company VBK have added that new vessels will gradually replace fleet of the shipping companies which service life expires. Now middle age of courts SZP makes 24,8 years. In the summer of last year VBK has placed the order for the Chinese shipyards on building of ten sea dry-cargo ships, deadweight of 5 thousand t everyone. Cost of this order which will be realised in territory of China by the Korean company, was estimated in 85 million dollars

last year volume of transportations by river transport has grown on 9,5 % in comparison with 2006 and has made 152,4 million t. According to Ministry of Transport, growth of transportations on internal waterways speaks increase in terms of navigation and increase in volumes of transportations of dry cargoes at 12,5 %, and also increase in transportations of wood in rafts.

at increase in a turnover of goods fleet updating becomes the basic problem, however afford it large enough companies can only, analyst IK " speaks; finam Anatoly Vakulenko. Specificity of transport companies demands enough high expenses on fleet maintenance in a demanded technical condition, and these expenses that above, than above deterioration of courts. It is clear that the companies which spends a considerable part of profit for repair to obtain the credit for vessel construction it is very problematic, considering that it long money as the vessel time of recovery of outlay makes about ten years - he marks. The choice of foreign shipyard for a vessel construction most likely speaks that at order placing on foreign sudozavode credit conditions will be more favourable, than at building of a similar vessel in Russia.

the director for development IAA portnjus the Hope of Malysheva among the factors promoting updating of fleet names toughening of requirements on a technical condition of courts. Besides, she pays attention that the state has increased recently financing of the projects directed on improvement of an infrastructure of internal waterways. It allows cargo owners by working out of logistical schemes, including export, to consider river transport.