OREANDA-NEWS. October 9, 2007. Commercial Seaport of Vladivostok OJSC (VMTP) and Far East Shipping Company OJSC (FESCO) plan to buy the share of Severstaltans CJSC in Vladivostok Container terminal LLC (VCT), RIA Data.Ru reports.

Vyacheslav Pertsev, Director general of Commercial Seaport of Vladivostok, confirms that the companies hold such negotiations. He says it will take certain time to specify the terms and to finaliz the deal. As of today, FESCO owns 50% of the port’s stock while the port in its turn holds 50% of VCT. Evgeni Ambrosov, Director General of FESCO, says the main target of FESCO is to increase container flow via the ports of Russia’s Far East. Thus the company will hold all the necessary negtiations which will ensure the result needed.

Vladivostok Container Terminal LLC (VCT) is a container terminal operating at the territory of Vladivostok port. The terminal is co-managed by Vladivostok Commercial Seaport and Severstaltrans Group of Companies. In January-September 2007, throughput of Vladivostok Container Terminal totaled 140,769 TEU (+32 %, year-on-year).
Severstaltrans Group of Companies comprises over 20 transport companies. The Group’s largest assets are Balttransservis (railway carrier of oil and oil products), general-purpose carriers New Transporting Company and Severstaltrns CJSC, control stake of Petrolesport (operator in the port of Saint Petersburg), 75 % of Vostochnaya Stevedore Company (Vostochny port close to Nakhodka), 50 % of Vladivostok Container Terminal, trucking company Transitcargotrans. In 2006, the company’s total revenue amounted to $1.6 billion.