Last year the Company operated in a challenging environment of a shipment transportation market as well as the significant drop of freight rates for export and inland cargo.
In 2023 JSC “Volga Shipping” completely exited the low-margin segment of liquid bulk cargo transportation and completed the sale of 100% of its tanker fleet. This allowed to free the company from the excessive credit burden that had arisen as a result of the ship construction in previous years.
Thus, in 2023-2024, JSC “Volga Shipping” operated exclusively dry cargo vessels with a deadweight of 3,000 to 7,000 tons and performed bulk cargo transportation along the inland river waterways of Russia and export bulk cargo from the shallow ports of the Azov and Black Sea.
River shipments in Russia represented 70% of total shipments of the Company. Up to 97% of export shipments were performed from Azov Sea ports to Turkey.
Last year the main cargo of JSC “Volga Shipping” were: grain, coal, construction materials (crushed stone and gravel).
In 2024 JSC “Volga Shipping” successfully implemented operational efficiency plans for coasters and river vessels, that led to significant reduction of time and increase of the quality for internavigation repairs.
Meanwhile, Improved transparency of navigation safety supervision played the significant role in achieving positive results for the Company in 2024.
All shipments are performed in strict compliance with national and international legislation. All vessels are operated with activated AIS (Automatic Identification System).
As of May 2025, JSC “Volga Shipping” has fleet of 44 dry cargo river-sea vessels suitable for international export shipments with deadweight up to 7,100 each and 74 dry cargo river vessels and 88 river barges suitable only for internal river transportation in Russia with deadweight up to 5,700 tons each.