News / More non vessel-owners become vessel-owners to cash in on Russia trade

Baryon Photo: Vesselfinder

More NVOCCs are becoming shipowners and or liner operators, lured by healthy cargo volumes and freight rates on routes to and from Russia.

The latest, Vistar Shipping, a UAE-incorporated NVOCC, has launched an India-Russia-Turkey liner service after an affiliate acquired a container ship.

Vistar, part of a group headed by Indian NVOCC Econship Marine, established in 2008, early in the year bought the 1997-built 1,700 teu Baryon, from Qingdao Pengteng International.

Vessel-tracking data shows the ship has been carrying cargo between India’s Jawaharlal ...