Cargo One has signed a preliminary agreement with Brunswick Rail on the sale of its 12.8 rail tanks. The cost of the deal is not disclosed.
According to the Cargo One, the rolling stock is to be handed over to the new owner by March 31, 2020.
‘Taking into account the pipeline sector development prospects, we do not consider oil and product transportation segment as our core business,’ Sergey Karataev, MD of Cargo One, explained.
The company intends to meet its contractual obligations transporting oil and products in rented rail tanks.