The Russian container ports handled 5.075 mln TEU in 2018, which marks a 9.8% increase over the 2017 year’s results, reports the Association of Russian sea commercial ports. However, the growth is less than last year: in 2017 the increase was 15.5%. As we wrote earlier, the Russian container volumes are gradually recovering from the […]
Container throughput of Russian seaports has almost recovered up to the pre-crisis level of 2014. In January-September 2018 the Russian ports handled 3.8 mln TEU (+11.5% y-o-y to 2017). In 2014, this figure was 3.99 mln TEU, before the container volumes dropped dramatically by 25.4% in 2015, as a result of the economic sanctions declared […]
A conflict is burning around the new coal terminal “Lavna” which is being developed at the northern port of Murmansk in Russia. Swiss-based MERCURIA Energy Trading S.A., one of the largest global coal traders, seems to be kicked out of the project and replaced by an unknown local entity associated with the owner of Russia’s major […]
The Ministry of Oceans and Fisheries of South Korea has said today that it will look into the feasibility of developing a port at the Russian Far East to help local companies take advantage of its strategic location, informs The Korea Herald. The Ministry refers to the port of Slavyanka, which is located 28 nautical […]
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 […]
On 1 October 2018, Vladivostok Sea Commercial Port (VSCP) received two new Rail Mounted Gantry (RMG) cranes for its container terminal, informs the port’s press service. The cranes were acquired within the investment program of modernisation of the port’s operational facilities and are scheduled to be put into operation on 24 December 2018. VSCP is located on the […]
The growth of container traffic at Russian ports, although still in double digits, is slowing down in 2018. According to the Association of Russian sea commercial ports, during the first 6 months of the current year the container throughput of all Russian ports was 2.5 mln TEU, which is 11.6% up from the last year’s […]
China has approved an extended 3-year programme aimed to decrease the coal consumption in 82 cities by year 2020 by 5-10% as compared to the 2016 level, the Russian business newspaper Vedomosti informs. This may lead to a significant drop in coal prices by 2020-2021. The average coal price in the first 6 months of […]
The Moscow Arbitration Court of Appeal finally adopted yesterday the settlement agreement between the Federal Anti-Monopoly Service of Russia (FAS) and Container Terminal Saint-Petersburg (CTSP), owned by the Russian transportation group UCL Holding, in an anti-trust litigation, CTSP press service informs. FAS has admitted that the container handling tariff rates of CTSP are economically justified […]
Following the arrest of Ziavudin Magomedov and his brother Magomed, the owners of Summa Group and major players in the Russian transport sector, on 31 March 2018, the Tverskoy court in Moscow seized their assets, which included 4 vehicles, 2 apartments as well as shareholding and bank accounts of many companies owned by Summa. Among […]
