OREANDA-NEWS. April 30, 2009. The Board of Directors of Volga Shipping OJSC (Volga-Fleet OJSC) the meeting of which was held on April 28, decided to recommend the annual general meeting of the shareholders to approve payment of RUR 31.31 per each A-class preferred share and RUR 9.92 per each ordinary share as dividends for 2008, the company officially states.

As it was reported earlier, the general meeting of Volga-Fleet shareholders is to be held on June 3, 2009 according to a normal agenda.

Volga Shipping (Volga-Fleet OJSC) was established in 1843. It is one of Russia’s largest shipping companies specializing in cargo and passenger transportation by rivers and lakes of the country. The company’s fleet numbers some 250 passenger and cargo sea-and-river going vessels. In 2008, Volga-Fleet vessels carried 6.9 million tonnes of cargo (-1.4%, year-on-year).