The story
Early years
On October 27, 1945, the Sakhalin State Steamship Company (Sakhalin Godsmorparakhodtsvo) was formed from 13 vessels previously operated by the Nikolaev-on-Amur Shipping Company and several vessels from the Far East Shipping Company (FESCO). The new shipping company was intended to promote the economic development of Sakhalin, which Russian had recently acquired from Japan. By 1951, the company's fleet had grown to 30 vessels and transported 2 million tons of cargo from Vladivostok to Sakhalin and other ports along the Sea of Okhotsk.
After the failure of the Sakhalin Tunnel project in 1953, Sakhalin State Shipping Company began construction on the required infrastructure to support rail and vehicle ferry service between Vanino and Kholmsk. Routine passenger ferry service began in April 1973 on the icebreaking ferry vessel Sakhalin-1 and rail ferry service began in June 1973.
By the 1960s, the shipping company's fleet was completely renovated. New transportation routes were constantly being developed. In particular, during this period, the shipping company became one of the main carriers of goods for the fighting people of Vietnam.
Privatization
The company underwent privatization in 1992 under the name Sakhalin Shipping Company. At the time of privatization, the company held 77 ships (383,000 DWT). The annual transportation volume was 13 million tons, of which 5.8 million was carried on the Vanino - Kholmsk ferry crossing and 2.4 million on overseas voyages.
Current Operations
Faced with weak bulk cargo demand in eastern Russia, SASCO has leveraged its existing fleet of ice-class vessels to provide cargo service to along the Northern Sea Route. The company inaugurated service to the eastern Northern Sea Route service in 2014, but now provides service along the full length of the route during the summer and fall months. In 2021 SASCO transported equipment from Vladivostok to Novatek natural gas projects on the Taimyr peninsula.
In 2022 SASCO was acquired by Delo Group, a Russian logistics and port infrastructure conglomerate.
Sanctions
On July 20, 2023, SASCO was sanctioned by the US State Department in relation to the ongoing Russo-Ukrainian War. Specifically, SASCO was sanctioned for its role in providing logistical support to future energy projects in the Russian Arctic, particularly those in the Taimyr Peninsula. The sanctions prohibit US entities from dealing with SASCO or its subsidiaries (OOO MPL Vanino Sakhalin and AO Vostok Treid Invest) as well as the 14 vessels of the SASCO fleet.
From Wikipedia’s article on Sakhalin Shipping Company, shared under CC BY-SA 4.0.4