Sakhalin Shipping Company

Open Joint Stock Company Sakhalin Shipping Company (SASCO) is one of the shipping companies in Russia. The company's fleet, most of whose vessels have an ice class, is capable of transporting the largest range of goods: containers, general cargo, equipment, bulk and bulk cargo, forest and woodworking products. SASCO is a company providing truly year-round transportation from the ports of De Castries, Vanino and Sovetskaya Gavan.

History

2022: Delo Group bought the Sakhalin Shipping Company

Delo Group of Companies bought the Sakhalin Shipping Company (SASCO), the largest cargo carrier in the Far East. The fact that this deal was closed was announced on August 16, 2022.

According to TASS, citing the press service of Dela, the acquisition of the Sakhalin Shipping Company was carried out as part of the company's strategy, which is aimed at forming a multimodal operator with its own full-fledged maritime component.

Given the importance of SASCO for the entire Far Eastern region, the integration of the shipping company into the group will take into account all factors, including the interests of workers and all residents of the region. Particular attention in this work will be paid to the organization of an effective and uninterrupted "northern delivery," - reports Delo Group of Companies.

Delo Group of Companies closed the deal to acquire a controlling stake in Sakhalin Shipping Company OJSC

By August 2022, SASCO has 13 sea vessels, including container ships, dry cargo ships and ferries. All ships have an ice class (the ability to be at sea depending on ice conditions), are under the technical supervision of the Russian Maritime Register of Shipping and fly the Russian flag, she added. SASCO vessels carry out two-thirds of all offshore coastal (domestic) transportation in Russia, the Delo group added.

On August 15, 2022, RBC wrote that Delo was interested in buying SASCO, citing sources in the Sakhalin Oblast government and two shipping companies. According to the SASCO reporting as of June 30, 2022, 24.99% of its shares belonged to the Cypriot Sandyroad Trading, Andrei Bolotov (the former son-in-law of the head of Transneft Nikolai Tokarev) had the same share, another 0.01% - from the financial director of SASCO Arkady Kukin, the rest of the SASCO shareholders did not disclose. Experts interviewed by RBC estimated 100% of SASCO at about 10-20 billion rubles. ^[1]

Notes