UCL Rail B.V. transportation group, holding a leading position in the Russian freight rail market (hereinafter - UCL Rail or the Group), announces that it has sent withdrawal notifications to Moody's Investors Service and Standard & Poor's Rating Services in order to reduce the number of credit ratings maintained simultaneously.
The companies of UCL Port stevedoring division (a part of UCL Holding) handled 15.4 million tons of cargo in H1 2014, which is 9% higher than in the same period in 2013.
On July the 10th the first vessel under the new RST54 project for sea-and-river-going vessels was officially launched at Okskaya Shipyard (town of Navashino, Nizhny Novgorod region). The vessel was named “Balt Flot 1”. The project is commissioned by BF Tanker.
Fitch Ratings and Moody's Investors Service (MIS) affirmed long-term credit ratings of UCL Rail B.V. at "BB+" and "Ba1", respectively.
The international transport group, Universal Cargo Logistics Holding (UCL Holding), was rated the largest private transport company by Forbes slotted in at No. 30 in the magazine’s annual ranking of “Top 200 Largest Private Companies in Russia in 2013"
In 2012, the companies of the stevedoring division of UCL Port (part of UCL Holding) handled 32.6 million tons of cargo, which is a 2% increase as compared to 2011.