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Press Release

Launching of the bulk cargo vessel constructed for Volga Shipping company

An official launching ceremony of the first river-going dry bulk vessel belonging to the series of 10 multipurpose bulkers of RSD44 project was held at Navashino-based Oka Shipyard (Nizhny Novgorod Region) on November, 23. The Captain Ruzmankin turned to be the first heavy river ship built during 25 recent years at Russian shipyards.

The vessel is intended for transportation of bulk, general cargo and containers. The new bulkers constructed by the Marine Engineering Bureau will gradually replace the Volga-Don ships. The new ships are characterized by increased productive efficiency, environmental safety and comfort.

Ship-load of the project RSD44 vessels is 5,500 tons versus 5,000 tons of Volga-Don ships. The new ships dimensions - 140 meters at length and 16,5 meters in width - would allow them to operate in the Volga-Don Channel, including the old branch of the Kochetkov canal lock.

Overall height of the new vessels is rather low - 8 meters, which is nearly two times lower than operating Volga-Don ships have (15,5 meters).

The RSD44 project ships will be able to pass under the bridges of the Russian cities without drawing them up. The vessels will be the most automated and equipped with modern screw-steering columns, which give high agility and good course-keeping qualities. The ships' crew would include 9 members.

The dry cargo ship Captain Ruzmankin will be delivered to the customer in 2011 after performance trials. The vessel is named in honor of shipmaster Peter Ruzmankin, who died in Stalingrad in 1942.


Reference:
Keel-laying of the dry cargo ship Captain Ruzmankin was held at Oka Shipyard on February,24 of year 2010. Construction of RSD44 project vessels is funded on the lease financing basis under the State development program of native shipping and shipbuilding companies: joint financing by the State Consolidated Shipbuilding Corporation (85%) and by the future owner of RSD44 project- Volga Shipping JSC (15%). The state government will subsidise 2/3 of refinancing rate of the Central Bank of the Russian Federation.


2010-11-27

Please see Volga Shipping, Joint Stock Company company electronic office

Head of mass media Department
Vinogradova Natalja
Tel./Fax: +7 (831) 461-80-11
e-mail: press@volgaflot.com

JSC "Volga Shipping" is integral to the holding VBTH, a dry-cargo division of the international transport group Universal Cargo Logistics Holding (the majority shareholder of the VBTH), consolidating a number of Russian railway, stevedoring and logistic companies.

Transportation Assets Management (T.A. Management)
- the managing company of  UCL Holding
Tel.: +7 495 933 0609  
Fax:  +7 495 933 0605  
E-mail: reception@tamcom.ru

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