On December 8th, 1992 open joint-stock company was organized and registered on the basis of Leningrad Commercial Sea Port.
As a result of the privatization of the existing port companies the port changed its form of ownership from state to private. While all the main decisions were taken earlier by the state, after privatization the right of decision belonged to the employees of the Sea Port, who became the main shareholders and actually received the right to run the newly created company. Later the majority of the shares was sold by the employees to the private investors.
The administration of JSC “Sea Port of Saint-Petersburg” faced many challenges: with transition to the market economy the Ministry of Sea Fleet and the government stopped paying attention to the issues related to the technical equipment of the port – and the company had to renew the equipment on its own and provide the port with the first-class machinery. Having no state planning anymore, the port had to seek its own cargo flows for handling. So port changed the structure of its turnover, new cargoes appeared, i.e. mineral fertilizers.
In the 90-ies the competitive struggle for export and import cargo traffic became especially acute. This determined the fact that the modernization of operational process flows and replenishment of the fleet of the lift trucks became the top-priority task.
In February of 2008 the shares of JSC “Sea Port of Saint-Petersburg” and four stevedoring companies of the group were purchased by Dutch holding, Universal Cargo Logistics Holding B.V. (UCL Holding), from it’s former shareholders - Jysk Stalindustry ApS and Chupit Limited.
Since July 1, 2009 the powers of the sole executive authority of the group “Sea Port of Saint-Petersburg” were devolved on LLC “Transport Assets Management” (T.A. Management) for the period of three years in order to optimize management structure related to the main transport companies, including stevedoring companies which are the part of UCL Holding.
Being the part of the transport holding, UCL Holding, Sea Port of Saint-Petersburg has the opportunity to preserve the same progress rate of construction of new terminal facilities.
Development programme of port infrastructure of the group of companies “Sea Port of saint-Petersburg” being implemented at the moment includes the construction of the specialized terminals, reconstruction of the current facilities and the development of port infrastructure and the territories adjacent to the port.
Day by day and year by year JSC “Sea Port of Saint-Petersburg” preserves and strengthens its stability and reliability. The main reason of prosperity of the enterprise is highly qualified personnel. In its work JSC “Sea Port of Saint-Petersburg” is governed by the best business traditions, developed during long history of its existence.
