‘Volzhskoye Parokhodstvo’ specializes in operating small dry cargo ships that transport grain, metals, and coal from the Volga and Don rivers to the Azov and Black seas. The company handles over 15 million tons of cargo annually. Reports indicate that companies affiliated with both Demetra and Lisin were involved in the transaction, but the sale price has not been disclosed.
Demetra, which focuses on grain trading with key clients in the Middle East, Africa, and Asia, has emerged as a major player in the agrilogistics sector. A representative from Demetra Holdings stated that the company itself did not acquire ‘Volzhskoye Parokhodstvo’ and had not considered purchasing this asset, opting not to provide further details. Both Lisin’s NLMK and ‘Volzhskoye Parokhodstvo’ have not responded to requests for comment.
The article notes that Russia, once one of the world’s largest wheat exporters, has recently had to restrict commercial shipping along its main routes due to attacks on vessels, which poses a threat to exports.
Lisin controls NLMK, one of Russia’s largest steel producers. Due to a decline in the industry, he has dropped from third to sixth place among Russia’s wealthiest individuals, according to the report.
