
Tiit Vähi on nüüd Sillamäe sadama omanik
Tiit Vähi is now the owner of Sillamäe Port
Tiit Vähi ostis oma äripartnerite osakud ja on nüüd sadama ainuomanik.
Tiit Vähi bought out his business partners' shares and is now the sole owner of the port.
Tiit Vähi bought out his business partners' shares in Sillamäe Port. Now he is the sole owner of the port. Vähi does not say how much he paid. The port is not a listed company.
Vähi started in the port business in 2003. His partners were Gleb Katkov's father and Yevgeny Malov. They created an east-west cargo port. The war changed the situation. Transit volume has decreased.
Katkov and Malov did not want to buy the port. Vähi decided to buy it himself. Now Vähi and his family are the sole owners of the port.
Vähi spoke well of his former partners. They worked together for 22 years. Currently, they are friends.
The port's results are worse due to the war. Results declined in 2022 and 2023. Now there are fewer employees and low costs.
Vähi does not see an improvement in transit in the near future. He hopes for the end of the war. Currently, they are offering port land for development projects.
The port has a lot of land, a river, the sea, and a railway. Vähi is proud of the port's equipment.
Vähi wants to develop the port and the region. He is sad about the job losses. Now a couple of hundred people work at the port, but there were more in 2021.