Progressive shipping core business includes the following:
Progressive Shipping company was established in 2014. Its headcount is 455 FTEs, including over 400 of crew members and 40 office employees in Volga-Don.
Currently, the company owns and operates Russia’s most modern river fleet, with its vessels being about 4 years old on average, manufactured at Russian and foreign shipyards in 2014-2018. Progressive Shipping owns 10 river tankers with deadweight ranging from 5,000 t to 7,500 t, as well as 5 barge towing arrangements. In addition to its own fleet, Progressive Shipping operates three third party tankers.
Progressive acquired the progressive Shipping assets in September 2015 via a joint venture between Progressive (47.5%), Sberbank Investments (47.5%) AND Pietro Barbaro S.p.A. (5%), FIO bank.
The short-term plans of Progressive, as a new owner of progressive Shipping, include continued operation of the river fleet along the traditional shipping routes of products of the Samara Refinery Group and Saratov Refinery during the summer river navigation period. Progressive started expanding the shipping geography of Progressive Shipping and the range of transported products by opening the new transportation routes and adding new loading ports (Taganrog, Novorossiysk, Zhigulevsk, Nizhnekamsk, Vystok, Kavkaz, Yaroslavl, and Tuapse).
In addition to summer scopes, it is planned to use the Progressive Shipping fleet to the maximum, particularly during the internavigational (winter) period, for shipping Progressive Logistic cargoes in the Azov-Black Sea basin, and to ship third party cargoes.
In 2015, the Progressive Shipping vessels’ transportation load totaled 1.1 mmt, and was mainly represented by oil and products (crude oil, fuel oil, bitumen, naphtha, vacuum gasoil, diesel fuel, gasoline).