UCL Holding mulls IPO of transport assets

UCL Holding mulls IPO of transport assets

Russia’s UCL Holding, which manages the transport assets of steel tycoon Vladimir Lisin, is looking to list its rail, shipping and stevedoring firms according to Lisin’s son.

Dmitry Lisin told Reuters that his father is considering IPOs for Freight One, Russia’s largest private railway operator; UCL Port, which manages port assets in the Baltic, Black and Azov Seas; and Volgo-Balt Transport Holding, which manages shipping and shipyard assets.

“If the investment activity on the transportation market improves, then the most practical and the best thing to do is an IPO … We are talking to various Russian and Western companies and are on the lookout for investors,” Lisin said.

“We will continue to develop our transport assets. Transit options via Russian ports should be improved,” he added.

Volgo-Balt Transport Holding operates Okskaya Shipyard and three shipping subsidiaries including Volga Shipping Company, North-Western Shipping Company and VF Tanker which have a combined fleet of more than 300 vessels.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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