WWL nears joint venture in Russia

WWL nears joint venture in Russia    Wallenius Wilhelmsen Logistics said it's nearing conclusion of a joint venture with ROLF SCS, a logistics provider to the auto industry in Russia, to share terminals activities in the Baltic and Russia.
   The joint venture will operate the auto and roll-on/roll-off terminals in Kotka in Finland, Petrolesport port in St. Petersburg and Vostochny in Far East Russia, which constitute the main entry ports by sea into Russia, WWL said.
      WWL and ROLF SCS provide vehicle logistics in the Baltics and Russia for many of the world’s major vehicle manufacturers.
      WWL began operating in Russia in 2003 by establishing a branch office in St. Petersburg in 2009. In January 2009 the company made its first call at the port of St. Petersburg, establishing a transshipment service for high and heavy ro/ro cargoes from the Americas and Asia.
   The joint venture is subject to the agreement of both companies' boards and is expected to close in the last quarter of this year.