Tag: Black Sea

ICTSI inaugurates Batumi terminal expansion

Batumi International Container Terminal

Manila-headquartered port operator International Container Terminal Services Inc. (ICTSI) has officially inaugurated the expansion of its Batumi International Container Terminal (BICT) on the Black Sea coast in Georgia. The expansion involves both the waterside and landside areas of the multipurpose terminal and is aimed at optimizing the handling of existing cargo flows and adding extra […]

Transneft consolidates control of Novorossiysk port

Novorossiysk Commercial Sea Port

The Russian state-owned oil transporting company Transneft has consolidated 60.62% of shares in Novorossiysk Commercial Sea Port (NCSP). According to the company’s press service, Transneft has closed the deal by acquiring 50% of Novoport Holding from Summa Group for USD 750 mln. Novoport Holding is a joint venture, where Transneft and Summa owned 50% each, and […]

Anaklia port development draws more interest

Anaklia port development

Kerry Logistics, Asia’s leading 3PL service provider, announced this week the signing of a memorandum of understanding between its member company Globalink and Anaklia City JSC to develop the Anaklia Deep Sea Port and Special Economic Zone on Georgia’s Black Sea coast. Scheduled for opening by the end of 2020, Anaklia is expected to become […]

Georgia to begin construction of Anaklia deep sea port in December

Anaklia port

The construction of the Anaklia port in Georgia will commence at the end of December 2017, informs Georgia’s Commersant quoting Zurab Alavidze, the Minister of Regional Development and Infrastructure. “The construction of this port will enable us to use our transit potential completely. The Government is involved in the process because this is a public-private […]

Polish and Romanian ports and rail operators proceed with Three Seas Initiative

three seas initiative

The Port of Gdansk Authority SA and Polish rail freight transport operator PKP CARGO SA signed a Memorandum of Cooperation with CFR Marfa, Romanian state rail cargo operator, and the Port of Constanta Authority, informs the port of Gdansk. The document opens a new stage in the development of cooperation between Northern and Southern Europe […]

ICTSI: Georgian ports must improve service, connectivity to be competitive

ICTSI Batumi

Georgian ports need to improve their services and logistical connectivity in order to maintain the country’s position as a key transit corridor for the Caucasus, said Jacob Gulmann, ICTSI Europe, Middle East and Africa Business Development Director at the 6th Black Sea Ports and Shipping 2017. The biggest annual conference on container ports and terminal […]

Black Sea container exports on the rise

Ukraine-based Informall Business Group in its latest Black Sea Container Market review reports a rise of 9.63% in loaded containers handling in the Black Sea container ports of Romania, Bulgaria, Ukraine, Russia and Georgia in 2016 as compared to 2015, writes PortNews. The growth can be attributed to loaded exports which increased in the region […]