OREANDA-NEWS. March 4, 2008. Sea Port of St. Petersburg (Morport OJSC) has withdrawn from the authorized capital of closed joint stock companies First Stevedoring Company, Second Stevedoring Company and Forth Stevedoring Company, Morport announces according to RBC. Earlier the company held 19% of the above companies.

New owner of the shares in the authorized capital of the above stevedores is the majority stake-holder of Morport – Dutch company Universal Cargo Logistics Holding B.V. (UCLH). Today the holding owns 100% of the Group’s all the four stevedoring companies. According to the materials of Sea Port of Saint-Petersburg the company acquired 6% of UCLH shares. The details of the deals made on February 29 are not revealed.

Sea Port of St. Petersburg is a successor of Leningrad commercial seaport. The company was registered as an open joint stock company in August 1995. Its net profit under Russian Accounting Standard totaled RUR 26 million 20,000 in 2006. Dutch UCLH holds 97.01% of the company’s shareholding.

Universal Cargo Logistics Holding B.V. is a transport holding of Netherlands. The throughput of UCLH exceeds 14 million tonnes per year. By 2010 it plans to handle at least 45 million tonnes. As of today, transport holding UCLH controls the Group of Companies Sea Port of Saint-Petersburg OJSC and Commercial Seaport of Taganrog OJSC. Besides, it is a co-owner of Universal Transshipment Complex OJSC in the port of Ust-Luga.