Novoshipinvest swaps minority interest with Chart Pilot | Volga, Transport, logistics MarchmontNews.com

South West | Transport, logistics

Novoshipinvest swaps minority interest with Chart Pilot

29 Apr '08
Steamship line Novoship's subsidiary Novoshipinvest has reported that it has closed a deal regarding the purchase of a minority interest in the authorized capital of Chart Pilot, a St Petersburg-based cartographic company. As the result of this deal Chart Pilot also got an equivalent share in Novoshipinvest's subsidiary ElectroRadioNavigatsionnaya Kamera (ERNK).

Chart Pilot manufactures navigation maps and manuals and is an exclusive supplier for the Chief Navigation and Oceanography Office at the RF Ministry of Defense. It has offices in Vladivostok, Murmansk, Archangelsk, Kaliningrad, Astrakhan, Sevastopol and Klaipeda.