Russia: Algador Holdings Acquires 100-Percent Stake in Nevsky Shipyard

UCL Holding, an International Transport Group, has completed the sale of a 100-percent stake in Nevsky Shipyard to Algador Holdings Limited. Nevsky Shipbuilding, Ship Repair Yard, with booked newbuild orderbook until 2014, is carrying out contracts for a series of ten 7,000dwt dry bulk carriers of the project RSD49.

Vessels of the series can be operated for the transportation of general and bulk cargoes, timber, grain, large-sized cargoes and hazardous cargoes of classes 1.4S, 2, 3, 4, 5, 6.1, 8, 9 of IMDG Code and the Appendix B of the BC Code in the Caspian Sea as well as in the Mediterranean Sea, Black Sea, White Sea, Baltic Sea, North Sea including routes around Europe and on the Irish Sea in winter.

The vessels are being built according to the rules and under the survey of Russian Maritime Register of Shipping (RMRS) on Ship’s class – КМ Iсе2 R2 AUT1-C.

The shipyard spokesman said: “UCL Holding expects that the change of ownership of Nevsky Shipyard will not breach the terms of the contracts executed by the shipyard.”

Nevsky Shipyard, which is a part of transport holding Universal Cargo Logistics Holding, is located 40 km away from Saint-Petersburg in the town of Schliesselburg on the left bank of the river Neva. The shipyard is one of the oldest enterprises of water transport in the northwest of Russia which started its shipbuilding activity in 1952. Nowadays the shipyard builds sea and river vessels of various types and purposes and carries out ship repair works of all kinds. Slipway for rising of vessels at Nevsky Shipyard allows the shipyard to launch and lift the vessels up to 140 m long and dock weight up to 2500 tons.

[mappress]

Shipbuilding Tribune Staff, January 20, 2012; Image: nssz